On February 6, 2023 BioCryst Pharmaceuticals, Inc. (Nasdaq: BCRX) reported that the compensation committee of BioCryst’s board of directors granted 20 newly-hired employees stock options to purchase an aggregate of 287,200 shares, and restricted stock units (RSUs) covering an aggregate of 101,700 shares, of BioCryst common stock (Press release, BioCryst Pharmaceuticals, FEB 6, 2023, View Source [SID1234626861]). The options and RSUs were granted as of January 31, 2023, as inducements material to each employee entering into employment with BioCryst. The options and RSUs were granted in accordance with Nasdaq Listing Rule 5635(c)(4).

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The options have an exercise price of $10.55 per share, which is equal to the closing price of BioCryst common stock on the grant date. The options and RSUs vest in four equal annual installments beginning on the one-year anniversary of the grant date, in each case subject to the new employee’s continued service with the company. Each stock option has a 10-year term. The options and RSUs are subject to the terms and conditions of BioCryst’s Inducement Equity Incentive Plan and a stock option agreement or restricted stock unit agreement, as applicable, covering the grant.

On February 6, 2023 Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) (Aurinia or the Company), a biopharmaceutical company committed to delivering therapeutics that change the course of autoimmune disease, reported that the Company’s Compensation Committee granted 7 new employees inducement stock options to purchase an aggregate of 70,070 common shares, at a per share exercise price of $9.05, the closing price of Aurinia’s common stock on February 3, 2023, and an aggregate of 43,160 inducement restricted stock units (RSUs) (Press release, Aurinia Pharmaceuticals, FEB 6, 2023, View Source [SID1234626860]). The inducement stock options and RSUs have a grant date of February 6, 2023. The stock options and RSUs were granted as inducements material to the new employees entering employment with Aurinia in accordance with Nasdaq Listing Rule 5635(c)(4).

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The inducement stock options have a ten-year term and vest over three years with one-third of the shares vesting on the twelve month anniversary from the grant date, and the remaining options vesting in twenty-four equal monthly installments thereafter.

The inducement RSUs shall vest in three equal annual installments on the first, second and third anniversary of the grant date.

On February 6, 2023 Atara Biotherapeutics, Inc. (Nasdaq: ATRA), a leader in T-cell immunotherapy, leveraging its novel allogeneic Epstein-Barr virus (EBV) T-cell platform to develop transformative therapies for patients with cancer and autoimmune diseases, reported that the Company will release fourth quarter and full year 2022 financial results after market close on Wednesday, February 8, 2023 (Press release, Atara Biotherapeutics, FEB 6, 2023, View Source [SID1234626859]).

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On February 6, 2023 Astellas Pharma Inc. (TSE: 4503, President and CEO: Kenji Yasukawa, Ph.D., "Astellas") reported that at the meeting of the Board of Directors held today, a resolution was adopted to acquire its own shares pursuant to the provision of its Articles of Incorporation in accordance with Article 459, paragraph 1 of the Companies Act (Press release, Astellas, FEB 6, 2023, View Source [SID1234626858]). The Company also announced that it decided to cancel its treasury stock pursuant to the provisions of Article 178 of the Companies Act. The details are as follows.

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Reasons for the acquisition of own shares
To improve capital efficiency and shareholder return.

Details of the acquisition of own shares
(1) Class of shares to be acquired:　　Common stock of the Company
(2) Total number of shares to be acquired:　　Up to 29 million shares
　　　　　　(Ratio to the total number of shares outstanding [excluding treasury stock]: 1.59%)
(3) Total amount of acquisition cost:　　Up to 50 billion yen
(4) Period of acquisition:　　From February 7, 2023 to March 24 ,2023
(5) Method of acquisition:　　Marked purchase on the Tokyo Stock Exchange

Details of the cancellation of treasury stock
(1) Class of shares to be cancelled:　　Common stock of the Company
(2) Number of shares to be cancelled:　　All of the shares acquired as stated in 2 above
(3) Cancellation date:　　March 29, 2023 (planned)
＊ The actual number of shares to be cancelled will be announced after
completing the acquisition of own shares stated in 2 above.
(Reference) Status of treasury stock as of December 31, 2022:

Total number of shares outstanding (excluding treasury stock): 1,822,806,495 shares
Total number of treasury stocks: 13,045,080 shares

On February 6, 2023 Arvinas, Inc. (Nasdaq: ARVN), a clinical-stage biotechnology company creating a new class of drugs based on targeted protein degradation, reported that management will participate in three upcoming investor conferences (Press release, Arvinas, FEB 6, 2023, View Source [SID1234626857]):

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Guggenheim Oncology Conference on Thursday, February 9. Ron Peck, M.D., Chief Medical Officer, and Sean Cassidy, Chief Financial Officer, will participate in a fireside chat. A live audio webcast of the presentation will be available here and on the Events + Presentations section of the Company’s website.

SVB Leerink Global Healthcare Conference on Thursday, February 16. Ron Peck, M.D., Chief Medical Officer, and Randy Teel, Ph.D., Senior Vice President, Corporate and Business Development, will participate in a fireside chat. A live audio webcast of the presentation will be available here and on the Events + Presentations section of the Company’s website.

Citi Oncology Leadership Summit on Thursday, February 23. Ian Taylor, Ph.D., Chief Scientific Officer, will participate in a fireside chat. A live audio webcast of the presentation will be available here and on the Events + Presentations section of the Company’s website.