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PDS Biotechnology Appoints Spencer Brown as Senior Vice President, General Counsel
Reports An Inducement Grant Under NASDAQ Listing Rule 5635(c)(4) FLORHAM PARK, N.J., June 03, 2022 (GLOBE NEWSWIRE) -- PDS Biotechnology Corporation (Nasdaq:
About this update from Pds Biotechnology Corporation
[{"type":"text","content":"Reports An Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)\nFLORHAM PARK, N.J., June 03, 2022 (GLOBE NEWSWIRE) -- PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy company developing a growing pipeline of molecularly targeted cancer immunotherapies and infectious disease vaccines based on the Company’s proprietary Versamune® and Infectimune™ T cell activating technologies, today announced that Spencer Brown has joined PDS Biotech as Senior Vice President, General Counsel. Mr. Brown has extensive legal affairs and compliance experience with leading biotechnology, healthcare and pharmaceutical companies. Prior to joining PDS Biotech, Mr. Brown held the position of Senior Vice President, Legal Affairs and Compliance Officer at Aclaris Therapeutics, Inc. Prior to Aclaris, Mr. Brown served as Senior Counsel at GE Healthcare. Mr. Brown holds a Bachelor of Arts from Princeton University and a Doctor of Law from the University of Pennsylvania Carey Law School. “We are pleased to have Spencer join the PDS Biotech management team. His extensive experience in biotech and life science companies will solidify our legal and compliance strategy,” said PDS Biotech Chief Executive Officer, Frank Bedu-Addo. “I look forward to working closely with Spencer as we continue to grow the organization and progress our Versamune® and Infectimune™ platform-based products through clinical development.” Additionally, PDS Biotech granted Mr. Brown nonstatutory stock options to purchase 150,000 shares of PDS’s common stock as a material inducement to his employment with PDS Biotech in accordance with Nasdaq Listing Rule 5635(c)(4) and PDS Biotech’s 2019 Inducement Plan, as amended. PDS Biotech’s 2019 Inducement Plan, as amended, provides for the granting of equity awards to new employees of PDS Biotech. The stock option award has an exercise price of $4.22, the closing price of PDS Biotech’s common stock on June 2, 2022. The option award vests over a four-year period, with one-quarter of the shares vesting on the first anniversary of the grant date (June 2, 2023) and then monthly over the following 36 months, subject to continued employment with the company through the applicable vesting dates.About PDS BiotechnologyPDS Biotech is a clinical-stage immunotherapy company developing a growing pipeline of molecularly targeted cance...