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0 -0.0191082802547771 -0.0414012738853503 -0.0414012738853503 -0.0445859872611465 -0.0191082802547771 -0.0382165605095542 -0.0127388535031847
Stock impact report

Orchard Therapeutics Announces Grant of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)

Orchard Therapeutics plc - American Depositary Shares (ORTX) 
Last orchard therapeutics plc - american depositary shares earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: GlobeNewswire
BOSTON and LONDON, Sept. 07, 2021 (GLOBE NEWSWIRE) -- Orchard Therapeutics (Nasdaq: ORTX), a global gene therapy leader, today announced that the Compensation Committee of Orchard’s Board of Directors approved the grant of non-statutory stock options to four new employees to purchase an aggregate of 278,500 ordinary shares under Orchard’s 2020 Inducement Equity Plan. The awards were granted as an inducement material to the employees’ acceptance of employment with Orchard in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $3.09 per share, which is equal to the closing price of Orchard’s American Depositary Shares as reported by Nasdaq on September 1, 2021. The options have a ten-year term and vest over four years, with 25% vesting on the one-year anniversary of the employee’s date of hire and the remainder vesting in equal monthly installments for three years thereafter, subject to the employee’s continued service with Orchard on each such vesti Show less Read more
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