T2 Biosystems Reports Granting of Inducement Awards
T2 Biosystems, Inc. (TTOO)
Last t2 biosystems, inc. earnings: 2/24 04:05 pm
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Source: GlobeNewswire
LEXINGTON, Mass., Dec. 13, 2019 (GLOBE NEWSWIRE) -- T2 Biosystems, Inc. (NASDAQ:TTOO), a leader in the development and commercialization of innovative medical diagnostic products for critical unmet needs in healthcare, announced today that on December 4, 2019 it issued inducement awards to two 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 amended and restated on February 21, 2019 and provides for the granting of equity awards to new employees of T2 Biosystems. The inducement awards consist of non-qualified stock options to purchase 8,500 shares of T2 Biosystems common stock and have a ten-year term. The exercise price of the options is $1.22, which was the per-share closing price of T2 Biosystems common stock on the Nasdaq Capital Market on December 4, 2019. The options vest over a four-year period, with 25% vesting on the first anniversary of
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