CAMBRIDGE, Mass., Aug. 4, 2021 /PRNewswire/ -- Blueprint
Medicines Corporation (NASDAQ: BPMC) today announced that,
effective on August 1, 2021, the
Compensation Committee of Blueprint Medicines' Board of Directors
granted non-qualified stock options to purchase an aggregate of
11,299 shares of its common stock and an aggregate of 5,648
restricted stock units (RSUs) to eight new employees under
Blueprint Medicines' 2020 Inducement Plan.
The 2020 Inducement Plan is used exclusively for the grant of
equity awards to individuals who were not previously an employee or
non-employee director of Blueprint Medicines, as an inducement
material to such individual's entering into employment with
Blueprint Medicines, pursuant to Rule 5635(c)(4) of the NASDAQ
Listing Rules.
The options have an exercise price of $87.87 per share, which is equal to the closing
price of Blueprint Medicines' common stock on July 30, 2021. Each option will vest as to 25% of
the shares underlying such option on the first anniversary of the
grant date and as to an additional 1/48th of the shares underlying
the option monthly thereafter, in each case, subject to each
such employee's continued employment on each vesting date. Each RSU
will vest as to 25% of the shares underlying the RSU award on the
first anniversary of the grant date and as to an additional 25% of
the shares underlying the RSU award annually thereafter, subject to
each such employee's continued employment on each vesting date. The
options and RSUs are subject to the terms and conditions of
Blueprint Medicines' 2020 Inducement Plan, and the terms and
conditions of the stock option and RSU agreement covering the
grant.
About Blueprint Medicines
Blueprint Medicines is a global precision therapy company that
invents life-changing therapies for people with cancer and
hematologic disorders. Applying an approach that is both precise
and agile, we create medicines that selectively target genetic
drivers, with the goal of staying one step ahead across stages of
disease. Since 2011, we have leveraged our research platform,
including expertise in molecular targeting and world-class drug
design capabilities, to rapidly and reproducibly translate science
into a broad pipeline of precision therapies. Today, we are
delivering approved medicines directly to patients in the United States and Europe, and we are globally advancing multiple
programs for genomically defined cancers, systemic mastocytosis,
and cancer immunotherapy. For more information, visit
www.BlueprintMedicines.com and follow us on
Twitter (@BlueprintMeds) and LinkedIn.
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SOURCE Blueprint Medicines Corporation