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Viridian Therapeutics, Inc. (NASDAQ: VRDN) reported significant progress in their Thyroid Eye Disease and FcRn inhibitor programs, highlighting completion of the THRIVE VRDN-001 global phase 3 clinical trial for active TED, enrollment exceeding expectations. The company remains on track for key milestones, with a positive FDA meeting for VRDN-003 and IND submission for VRDN-006 expected by year-end 2024. Financially, cash position improved to $613.2 million with a net loss of $48.5 million for the first quarter of 2024.
Viridian Therapeutics, Inc. announced the approval of non-qualified stock options for six new employees. The Inducement Grants were granted outside of the company's Equity Incentive Plan but are subject to its terms. The grants aim to attract new talent and were approved by independent directors. The options have an exercise price equal to the closing price of the company's common stock on the Grant Date and will vest over a four-year period.
Viridian Therapeutics, Inc. (NASDAQ: VRDN) will host a webcast to discuss its first quarter 2024 financial results and recent business highlights on May 8, 2024. The company focuses on discovering medicines for serious and rare diseases.
