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Stock impact report

T2 Biosystems Reports Granting of Inducement Awards

T2 Biosystems, Inc. (TTOO) 
Last t2 biosystems, inc. earnings: 2/24 04:05 pm Check Earnings Report
Company Research Source: GlobeNewswire
LEXINGTON, Mass., April 04, 2018 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO) an emerging leader in the development and commercialization of innovative medical diagnostic products for critical unmet needs in healthcare, announced today that on April 2, 2018 it issued inducement awards to five new employees.    These awards were made under T2 Biosystems’ Inducement Award Plan (the "Inducement Plan"), which was adopted by the company’s Board of Directors on March 1, 2018 and provides for the granting of equity awards to new employees of T2 Biosystems. The inducement awards consist of options to purchase 49,000 shares of T2 Biosystems common stock and have a ten-year term. The exercise price of the options is $6.32, which was the per-share closing price of T2 Biosystems common stock on the Nasdaq Capital Market on April 2, 2018. The options vest over a four-year period, with 25% vesting on the first anniversary of the employee’s date of hire and the remainder vesting in equal Show less Read more
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