MADISON, Wis., Sept. 16, 2016 /PRNewswire/ -- Exact
Sciences Corp. (NASDAQ: EXAS) today announced that, in support of
the Company's continued growth plans, it granted restricted stock
units covering a total of 24,119 shares of common stock to 18
recently hired non-executive employees under its previously
announced inducement grant program. The restricted stock unit
awards vest in four equal annual installments beginning on the
first anniversary of the grant date. The awards were granted
as an inducement material to the recently hired employees entering
into employment with the Company in accordance with NASDAQ
Marketplace Rule 5635(c)(4). The Company is making this
announcement as required by NASDAQ rules.
About Exact Sciences Corp.
Exact Sciences Corp. is a molecular diagnostics company focused
on the early detection and prevention of the deadliest forms of
cancer. The company has exclusive intellectual property protecting
its non-invasive, molecular screening technology for the detection
of colorectal cancer. For more information, please visit the
company's website at www.exactsciences.com, follow Exact Sciences
on Twitter @ExactSciences or find Exact Sciences on Facebook.
Certain statements made in this news release contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities and Exchange Act of 1934, as amended, that are intended
to be covered by the "safe harbor" created by those sections.
Forward-looking statements, which are based on certain assumptions
and describe the Company's future plans, strategies and
expectations, can generally be identified by the use of
forward-looking terms such as "believe," "expect," "may," "will,"
"should," "could," "seek," "intend," "plan," "estimate,"
"anticipate," or other comparable terms. Forward-looking statements
involve inherent risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements as a result of various factors including those risks and
uncertainties described in the Risk Factors and in Management's
Discussion and Analysis of Financial Condition and Results of
Operations sections of the Company's most recently filed Annual
Report on Form 10-K and the Company's subsequently filed Quarterly
Reports on Form 10-Q. The Company urges you to consider those risks
and uncertainties in evaluating the Company's forward-looking
statements. The Company cautions readers not to place undue
reliance upon any such forward-looking statements, which speak only
as of the date made. Except as otherwise required by the federal
securities laws, the Company disclaims any obligation or
undertaking to publicly release any updates or revisions to any
forward-looking statement contained herein (or elsewhere) to
reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statement is based.
Contact:
J.P.
Fielder
Senior Director, Corporate Communications, Exact Sciences Corp.
608-210-5220
jpfielder@exactsciences.com
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SOURCE EXACT SCIENCES CORP