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Ultragenyx Pharmaceutical Inc (RARE)
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Ultragenyx Pharmaceutical Inc. Announces Inducement Grant for New Executives

Last updated: February 19, 2025
Taurigo

Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a leading biopharmaceutical firm dedicated to developing innovative therapies for rare and ultrarare diseases, has made a significant announcement regarding an inducement grant for its newly hired non-executive officers. This move, aimed at attracting top talent to strengthen its leadership team, aligns with the company's commitment to addressing serious genetic conditions that currently lack effective treatments.

1. Inducement Grant Details

On February 16, 2025, Ultragenyx reported that it has granted a total of 23,760 restricted stock units (RSUs) to 10 newly hired non-executive officers. This grant comes under the Ultragenyx Employment Inducement Plan and has been approved by the compensation committee of the company’s board of directors. The RSUs are designed as an inducement material for the new employees as they embark on their journey with Ultragenyx, adhering to the requirements set forth by Nasdaq Listing Rule 5635(c)(4).

Vesting Schedule

The restricted stock units will vest over a four-year period, with 25% of the underlying shares becoming available to the executives on each anniversary of the grant date. However, this vesting is contingent upon the continuous employment of the executives with Ultragenyx through these specified vesting dates. This structured approach not only incentivizes long-term commitment from the new hires but also aligns their interests with the company's growth trajectory.

2. Company Overview

Ultragenyx Pharmaceutical Inc. is at the forefront of biopharmaceutical innovation, focusing on the development and commercialization of novel therapies tailored for the treatment of rare and ultrarare genetic diseases. The company prides itself on a diverse portfolio that includes both approved therapies and promising product candidates designed to meet significant unmet medical needs.

With a management team well-versed in the complexities of rare disease therapeutics, Ultragenyx employs a strategic approach that emphasizes efficient drug development processes. The company's mission is clear: to deliver safe and effective therapies to patients as swiftly as possible, thereby improving the quality of life for those affected by these challenging conditions.

3. Conclusion

The recent inducement grant reflects Ultragenyx’s proactive strategy to attract and retain high-caliber talent essential for driving its mission forward. As the company continues to navigate the intricate landscape of rare disease treatment, this initiative may bolster its capabilities in developing groundbreaking therapies that can profoundly impact the lives of patients grappling with rare conditions.

For further information about Ultragenyx and its initiatives, interested parties are encouraged to visit the company’s website at www.ultragenyx.com.

Contact Information

For investor and media inquiries, please reach out to:

Joshua Higa

Phone: (415) 475-6370

Ultragenyx Pharmaceutical Inc.

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