{"id":56812,"date":"2024-07-02T00:04:13","date_gmt":"2024-07-02T00:04:13","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2024\/07\/02\/zentalis-pharmaceuticals-announces-inducement-grants-under-nasdaq-listing-rule-5635c4\/"},"modified":"2024-07-02T00:04:13","modified_gmt":"2024-07-02T00:04:13","slug":"zentalis-pharmaceuticals-announces-inducement-grants-under-nasdaq-listing-rule-5635c4","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/zentalis-pharmaceuticals-announces-inducement-grants-under-nasdaq-listing-rule-5635c4\/","title":{"rendered":"Zentalis Pharmaceuticals Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)"},"content":{"rendered":"<div>\n<p align=\"left\">SAN DIEGO, July  01, 2024  (GLOBE NEWSWIRE) &#8212; Zentalis<sup>\u00ae<\/sup> Pharmaceuticals, Inc. (Nasdaq: ZNTL), a clinical-stage biopharmaceutical company discovering and developing clinically differentiated small molecule therapeutics targeting fundamental biological pathways of cancers, today announced that on July 1, 2024, the Compensation Committee of Zentalis\u2019 Board of Directors granted non-qualified stock options to purchase an aggregate of 40,875 shares of the Company\u2019s common stock to five newly hired employees. The stock options were granted under the Zentalis Pharmaceuticals, Inc. 2022 Employment Inducement Incentive Award Plan (2022 Inducement Plan) as an inducement material to each such individual\u2019s entering into employment with Zentalis in accordance with Nasdaq Listing Rule 5635(c)(4).<\/p>\n<p>The 2022 Inducement Plan is used exclusively for the grant of equity awards to individuals who were not previously employees of Zentalis, or following a bona fide period of non-employment, as an inducement material to each such individual\u2019s entering into employment with Zentalis, pursuant to Nasdaq Listing Rule 5635(c)(4).<\/p>\n<p>The stock options have an exercise price of $4.19 per share, which is equal to the closing price of Zentalis\u2019 common stock on The Nasdaq Global Market on the date of grant. The stock options have a 10-year term and will vest over four years, with 25% of the options vesting on the first anniversary of the vesting commencement date and the remaining 75% of the options vesting in equal monthly installments over the three years thereafter.<\/p>\n<p>Vesting of the stock options is subject to the employee\u2019s continued service to Zentalis on each vesting date.<\/p>\n<p><strong>About Zentalis Pharmaceuticals<br \/><\/strong><\/p>\n<p>Zentalis<sup>\u00ae<\/sup> Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company discovering and developing clinically differentiated small molecule therapeutics targeting fundamental biological pathways of cancers. The Company\u2019s lead product candidate, azenosertib (ZN-c3), is a potentially first-in-class and best-in-class WEE1 inhibitor for advanced solid tumors and hematologic malignancies. Azenosertib is being evaluated as a monotherapy and in combination across multiple clinical trials and has broad franchise potential. In clinical trials, azenosertib has been well tolerated and has demonstrated anti-tumor activity as a single agent across multiple tumor types and in combination with several chemotherapy backbones. As part of its azenosertib clinical development program, the Company is exploring enrichment strategies targeting tumors of high genomic instability, such as Cyclin E1 positive tumors, homologous recombination deficient tumors and tumors with oncogenic driver mutations. The Company is also leveraging its extensive experience and capabilities across cancer biology and medicinal chemistry to advance its research on protein degraders. Zentalis has operations in San Diego.<\/p>\n<p>For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=eOcXPAi7cGeXlE9mluNzYMABT1Po2JVYlIcnJir7osI515FtMAjZuKs3Wn6NPcbADbqJhxKhPFwyf_-FvIhw4Q==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.zentalis.com\">www.zentalis.com<\/a>. Follow Zentalis on Twitter at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TJsKmEK6HZeAavrAjYQrnngCoZFdLtL4upG_EgvqxZ8_rVaeZx5xkwubeKK5q8ggZUF3f8EoPM3SrWtsA99ZzQ==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"@ZentalisP\">@ZentalisP<\/a> and on LinkedIn at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6PKLDl-xj_5xacBwMLaZhuyFphjy_mOYGuI5J0DlZBih54Rq6KFlgo4N65o7yRN1EORSQZLHFsv5pBYQJIp5h4g1YuAancBMK3HFSsp_KYQbp_SeSfZWikspldBOuF_8RqCxP-iHMorne6BLHVNm2bvOdhJOl-GmPafeaPIfjAJnjaQC4cxRu392cjEdIHAn\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.linkedin.com\/company\/zentalis-pharmaceuticals\">www.linkedin.com\/company\/zentalis-pharmaceuticals<\/a>.<\/p>\n<p>ZENTALIS<sup>\u00ae<\/sup> and its associated logo are trademarks of Zentalis and\/or its affiliates. All website addresses and other links in this press release are for information only and are not intended to be an active link or to incorporate any website or other information into this press release.<\/p>\n<p><strong>Contacts:<\/strong><\/p>\n<p>Elizabeth Hickin<br \/>Vice President, Investor Relations<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=c5nb_DJOsrg7joC9mUNDMDy_czpdSP_9oxNnLmvoBcgJnWKRAYF_CzW6Uu9tb0QrQqZW7o13VAm3nC7a_J_lPM5cxUZXTckBmU-4422urIk=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"ehickin@zentalis.com\">ehickin@zentalis.com<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZDJlMjk4ZTQtYTI0OC00OTM2LThiOWItMTE1OGY2MjI0NWUwLTEyMDYyOTY=\/tiny\/ZENTALIS-PHARMACEUTICALS.png\" referrerpolicy=\"no-referrer-when-downgrade\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN DIEGO, July 01, 2024 (GLOBE NEWSWIRE) &#8212; Zentalis\u00ae Pharmaceuticals, Inc. (Nasdaq: ZNTL), a clinical-stage biopharmaceutical company discovering and developing clinically differentiated small molecule therapeutics targeting fundamental biological pathways of cancers, today announced that on July 1, 2024, the Compensation Committee of Zentalis\u2019 Board of Directors granted non-qualified stock options to purchase an aggregate of [&#8230;]\n","protected":false},"author":1,"featured_media":56813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-56812","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pr-newswire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Zentalis Pharmaceuticals Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/zentalis-pharmaceuticals-announces-inducement-grants-under-nasdaq-listing-rule-5635c4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zentalis Pharmaceuticals Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)\" \/>\n<meta property=\"og:description\" content=\"SAN DIEGO, July 01, 2024 (GLOBE NEWSWIRE) &#8212; Zentalis\u00ae Pharmaceuticals, Inc. 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