UNITY Biotechnology Reports Granting of New Employment Inducement Award
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Rhea-AI Summary
UNITY Biotechnology, Inc. (NASDAQ: UBX), a biotechnology firm focused on therapeutics that address aging-related diseases, disclosed that from January 3 to January 17, 2023, its Board's Compensation Committee granted a stock-based award of 900 shares to a new employee. This grant was made under the amended 2020 Employment Inducement Incentive Plan, aimed at attracting new talent in compliance with Nasdaq Rule 5635(c)(4). UNITY is currently working on therapies to target and eliminate senescent cells, with a focus on age-related ophthalmologic and neurologic diseases.
Positive
- Stock-based award of 900 shares granted to a new employee, promoting talent acquisition.
Negative
- None.
Details
News Market Reaction – UBX
The recorded move for UBX in the trading session of this news was +7.32%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SOUTH SAN FRANCISCO, Calif., Jan. 18, 2023 (GLOBE NEWSWIRE) -- UNITY Biotechnology, Inc. (“UNITY”) [NASDAQ: UBX], a biotechnology company developing therapeutics to slow, halt, or reverse diseases of aging, today announced that from January 3, 2023, through January 17, 2023, the Compensation Committee of the Board of Directors (the “Board”) granted a new employee a stock-based award covering an aggregate of 900 shares of UNITY common stock, including options to purchase an aggregate of 900 shares of UNITY common stock. The stock-based award was granted pursuant to the UNITY 2020 Employment Inducement Incentive Plan, as amended, which was approved by the Board in March 2020 to provide for grants to newly hired employees as a material inducement for them to commence employment with UNITY in accordance with Nasdaq Stock Market Rule 5635(c)(4).
About UNITY
UNITY is developing a new class of therapeutics to slow, halt or reverse diseases of aging. UNITY’s current focus is on creating medicines to selectively eliminate or modulate senescent cells and thereby provide transformative benefit in age-related ophthalmologic and neurologic diseases. More information is available at www.unitybiotechnology.com or follow us on Twitter and LinkedIn.
Media Contact
Evoke Canale
Jason Spark
jason.spark@evokegroup.com
Investor Contact
LifeSci Advisors, LLC
Joyce Allaire
jallaire@lifesciadvisors.com
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