Evelo Biosciences Announces Grant of Inducement Award
Evelo Biosciences, Inc. (EVLO)
Last evelo biosciences, inc. earnings: 2/13 07:00 am
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Source: GlobeNewswire
CAMBRIDGE, Mass., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (Nasdaq: EVLO), a clinical stage biotechnology company developing a novel platform of orally delivered medicines acting on the small intestinal axis, SINTAX, today announced that on September 1, 2022, Marella Thorell commenced her services as Evelo’s Chief Financial Officer. In connection with the commencement of Ms. Thorell’s employment, the Company issued to Ms. Thorell an option to purchase 440,000 shares of the Company’s common stock with a per share exercise price of $2.29, the closing trading price of the Company’s common stock on the Nasdaq Global Select Market on September 1, 2022. The stock option was granted pursuant to the Company’s 2021 Employment Inducement Award Plan and was approved by the Company’s Board of Directors. The stock option vests (subject to Ms. Thorell’s continued service to the Company through the applicable vesting dates) 25% on September 1, 2023 and the remaining 75% in 36 sub
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