Avadel Announces Grant of Inducement Awards Under Nasdaq Listing Rule 5635(c)(4)
2023年7月7日 - 5:05AM
Avadel Pharmaceuticals plc (Nasdaq: AVDL), a company focused on
transforming medicines to transform lives, today announced that the
Compensation Committee of Avadel’s Board of Directors approved the
grant of non-statutory options to nine (9) new employees to
purchase an aggregate of 90,000 ordinary shares under Avadel’s 2021
Inducement Plan. The awards were granted as an inducement material
to the employee’s acceptance of employment with Avadel in
accordance with Nasdaq Listing Rule 5635(c)(4). The options have a
ten-year term and vest over four years, with 25% vesting on the
one-year anniversary of the grant date and 25% on each anniversary
thereafter. The options are subject to the terms and conditions of
Avadel’s 2021 Inducement Plan approved by the Board of Directors in
November 2021 and the terms and conditions of award agreements
covering the grants.
About Avadel Pharmaceuticals plcAvadel
Pharmaceuticals plc (Nasdaq: AVDL) is a biopharmaceutical
company focused on transforming medicines to transform lives. Our
approach includes applying innovative solutions to the development
of medications that address the challenges patients face with
current treatment options. Our current lead drug candidate,
LUMRYZ™, is an investigational formulation of sodium oxybate
leveraging our proprietary drug delivery technology and designed to
be taken once at bedtime for the treatment of cataplexy or
excessive daytime sleepiness in adults with narcolepsy. For more
information, please visit www.avadel.com.
Investor Contact:Courtney TurianoStern Investor
Relations, Inc.Courtney.Turiano@sternir.com(212)
698-8687
Media Contact:Gabriella GreigReal
Chemistryggreig@realchemistry.com(203)
249-2688
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