Arcus Biosciences Announces New Employment Inducement Grants
November 27 2023 - 4:35PM
Business Wire
Arcus Biosciences, Inc. (NYSE:RCUS), a clinical-stage, global
biopharmaceutical company focused on developing differentiated
molecules and combination therapies for people with cancer, today
announced that the Compensation Committee of the Company’s Board of
Directors granted four new employees options to purchase a total of
12,600 shares of the Company’s common stock at an exercise price
per share of $14.06, which was the closing price on November 24,
2023, and restricted stock units to acquire a total of 6,300 shares
of the Company’s common stock. The equity awards were granted
pursuant to the Company’s 2020 Inducement Plan, which was approved
by the Company’s Board of Directors in January 2020 pursuant to the
“inducement exception” under NYSE Listed Company Manual Rule
303A.08.
About Arcus Biosciences
Arcus Biosciences is a clinical-stage, global biopharmaceutical
company developing differentiated molecules and combination
medicines for people with cancer. In partnership with industry
partners, patients and physicians around the world, Arcus is
expediting the development of first- or best-in-class medicines
against well-characterized biological targets and pathways and
studying novel, biology-driven combinations that have the potential
to help people with cancer live longer. Founded in 2015, the
company has advanced multiple investigational medicines into
clinical studies, including new combination approaches that target
TIGIT, PD-1, the adenosine axis (CD73 A2a/A2b receptors) and
HIF-2α. For more information about Arcus Biosciences’ clinical and
preclinical programs, please visit www.arcusbio.com.
Inducement PR
Source: Arcus Biosciences
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version on businesswire.com: https://www.businesswire.com/news/home/20231127431753/en/
Investor Inquiries: Pia Banerjee Head of Investor
Relations & Strategy (617) 459-2006 pbanerjee@arcusbio.com
Media Inquiries: Holli Kolkey VP of Corporate
Communications (650) 922-1269 hkolkey@arcusbio.com
Arcus Biosciences (NYSE:RCUS)
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