Adamas Announces New Employment Inducement Grant
May 08 2020 - 6:46PM
Adamas Pharmaceuticals, Inc. (Nasdaq: ADMS) today announced that
the compensation committee of the company’s board of directors
granted five new employees the option to purchase an aggregate of
66,000 shares of the company’s common stock, at a per share
exercise price of $3.46, the closing trading price on May 7, and
restricted stock units to acquire 33,000 shares of the company’s
common stock. The stock options and restricted stock units vest
over four years and were granted pursuant to the Adamas
Pharmaceuticals, Inc. 2016 Inducement Plan, which was approved by
the company's board of directors in March 2016 under Rule
5653(c)(4) of the Nasdaq Global Market for equity grants to induce
new employees to enter into employment with the company.
About Adamas Pharmaceuticals, Inc. At
Adamas, our purpose and vision are clear: deliver innovative
medicines that make a clinically meaningful difference for
patients, caregivers and society. We are a fully-integrated company
focused on growing a portfolio of therapies to address a range of
neurological diseases. In 2018, Adamas successfully launched
GOCOVRI® (amantadine) extended-release capsules, the first and only
FDA-approved medicine for the treatment of dyskinesia in patients
with Parkinson’s disease receiving levodopa-based therapy, with or
without concomitant dopaminergic medications. GOCOVRI is also the
only medicine clinically proven to reduce both dyskinesia and OFF.
For more information, please visit www.adamaspharma.com.
Contact:
Investors:Peter VozzoWestwicke Partners
443-213-0505peter.vozzo@westwicke.com
Media: Sarah MathiesonVice President, Communications &
Engagement 510-450-3528smathieson@adamaspharma.com
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