Curis Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
- Curis, Inc., a biotechnology company listed on NASDAQ as CRIS in Lexington, Massachusetts, granted inducement stock options to Dr. Ahmed Hamdy on May 6, 2025.
- The Board of Directors approved the grant to Dr. Hamdy, who was newly appointed Chief Medical Officer, as a material inducement for accepting employment.
- The inducement grant, dated May 1, 2025, allows Dr. Hamdy to purchase 200,000 shares at the closing stock price of that day, vesting over four years with a 10-year term.
- Emavusertib , a small molecule IRAK4 inhibitor that Curis exclusively licenses and develops, is currently under multiple Phase 1/2 trials for various blood cancers and has FDA orphan drug designations.
- This inducement grant supports Curis’ leadership in advancing emavusertib’s development and suggests commitment to clinical progress in hematologic cancer therapies.
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Curis Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)
LEXINGTON, Mass., May 6, 2025 /PRNewswire/ -- Curis, Inc. (NASDAQ: CRIS), a biotechnology company focused on the development of emavusertib (CA-4948), an orally available, small molecule IRAK4 inhibitor, today announced that the Board of Directors of Curis approved the grant…
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