GBT Announces New Employment Inducement Grants

SOUTH SAN FRANCISCO, Calif., Aug. 03, 2018 (GLOBE NEWSWIRE) -- Global Blood Therapeutics, Inc. (GBT) (NASDAQ: GBT) today announced that, on August 1, 2018, the compensation committee of the Company’s board of directors granted two new employees options to purchase an aggregate of 2,500 shares of the Company’s common stock with a per share exercise price of $43.15, the closing trading price on the grant date, and restricted stock units for an aggregate of 1,650 shares of the Company’s common stock. All of the above-described awards were made under the Company’s Amended and Restated 2017 Inducement Equity Plan (the Plan).

The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4), and were granted pursuant to the terms of the Plan. The Plan was adopted by the Company’s board of directors in January 2017.

About GBTGBT is a clinical-stage biopharmaceutical company determined to discover, develop and deliver innovative treatments that provide hope to underserved patient communities. GBT is developing its lead product candidate, voxelotor, as an oral, once-daily therapy for sickle cell disease. To learn more, please visit www.gbt.com and follow the company on Twitter @GBT_news.

Contact Information: Myesha Lacy (investors)GBT650-351-4730[email protected]

Julie Normart (media)W2O pure415-946-1087[email protected]

Source: Global Blood Therapeutics, Inc.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• KARMAN LINE ACQUISITION CORP. Announces Pricing of $200 Million Initial Public Offering
• Argo Graphene Solutions Announces $1 Million Financing to Advance STREAM(TM) Graphene Refinery Strategy and Provides Corporate Update
• GMO GlobalSign Expands TLS Connect by GMO Availability, Bringing CLM Automation to Small and Medium Enterprises in APAC and the Middle East