U.S. Markets open in 4 hrs 38 mins
  • S&P Futures

    4,469.75
    -5.00 (-0.11%)
     
  • Dow Futures

    34,647.00
    +31.00 (+0.09%)
     
  • Nasdaq Futures

    14,778.25
    -62.75 (-0.42%)
     
  • Russell 2000 Futures

    2,027.00
    +5.80 (+0.29%)
     
  • Crude Oil

    83.70
    -1.85 (-2.16%)
     
  • Gold

    1,832.20
    -10.40 (-0.56%)
     
  • Silver

    24.41
    -0.31 (-1.24%)
     
  • EUR/USD

    1.1347
    +0.0030 (+0.2610%)
     
  • 10-Yr Bond

    1.8330
    0.0000 (0.00%)
     
  • Vix

    26.32
    +2.47 (+10.36%)
     
  • GBP/USD

    1.3572
    -0.0028 (-0.2036%)
     
  • USD/JPY

    113.9410
    -0.1590 (-0.1393%)
     
  • BTC-USD

    39,057.98
    -2,985.20 (-7.10%)
     
  • CMC Crypto 200

    922.97
    -72.29 (-7.26%)
     
  • FTSE 100

    7,514.77
    -70.24 (-0.93%)
     
  • Nikkei 225

    27,522.26
    -250.64 (-0.90%)
     

Kala Pharmaceuticals Reports Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • CAMG
  • KALA

WATERTOWN, Mass., Jun 18, 2021--(BUSINESS WIRE)--Kala Pharmaceuticals, Inc. (NASDAQ:KALA), today announced that the Company granted non-statutory stock options to new employees as inducement awards outside the Company’s 2017 Equity Incentive Plan in accordance with NASDAQ Listing Rule 5635(c)(4).

The Company granted stock options to purchase up to an aggregate of 64,500 shares of Kala Pharmaceuticals common stock to five new employees. The stock options were granted on June 15, 2021. The grants were approved by the Compensation Committee and were made as an inducement material to each employee entering into employment with Kala Pharmaceuticals in accordance with NASDAQ Listing Rule 5635(c)(4). The option awards have an exercise price of $5.70 per share, the closing price of Kala Pharmaceuticals’ common stock on June 15, 2021. The options have a ten-year term and vest over four years, with 25% of the original number of shares vesting on the first anniversary of the applicable employee’s new hire date and the remainder vesting in equal monthly installments over the following three years. Vesting of each option is subject to such employee’s continued service with Kala Pharmaceuticals through the applicable vesting dates.

About Kala Pharmaceuticals, Inc.

Kala is a biopharmaceutical company focused on the discovery, development, and commercialization of innovative therapies for diseases of the eye. Kala has applied its AMPPLIFY® mucus-penetrating particle (MPP) Drug Delivery Technology to two ocular therapies, EYSUVIS® (loteprednol etabonate ophthalmic suspension) 0.25% for the short-term (up to two weeks) treatment of signs and symptoms of dry eye disease and INVELTYS® (loteprednol etabonate ophthalmic suspension) 1% for the treatment of post-operative inflammation and pain following ocular surgery. The Company also has a pipeline of pre-clinical development programs targeted to address unmet medical needs, including both front and back of the eye diseases. For more information on Kala, please visit www.kalarx.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210618005022/en/

Contacts

Investor Contacts:
Hannah Deresiewicz
hannah.deresiewicz@sternir.com
212-362-1200