Senti Biosciences Announces New Employment Inducement Grants
August 19 2022 - 4:05PM
Senti Biosciences, Inc. (Nasdaq: SNTI) (“Senti Bio”), a
biotechnology company innovating next-generation cell and gene
therapies using its proprietary gene circuit platform, today
announced that on August 18, 2022, the compensation committee of
Senti Bio’s board of directors granted to thirty five new employees
stock options to purchase an aggregate of 421,659 shares of the
Company’s common stock with a per share exercise price of $1.99.
These awards were made under the Company’s 2022 Inducement Equity
Plan (the Plan).
The above-described awards were each granted as an inducement
material to the employees entering into employment with the Company
in accordance with NASDAQ Listing Rule 5635(c)(4), and were granted
pursuant to the terms of the Plan. The Plan was adopted by the
Company’s board of directors on August 5, 2022.
About Senti BioOur mission is to create a new
generation of smarter medicines that outmaneuver complex diseases
using novel and unprecedented approaches. To accomplish this, we
are building a synthetic biology platform that may enable us to
program next-generation cell and gene therapies with what we refer
to as Gene Circuits. These Gene Circuits, which are created from
novel and proprietary combinations of DNA sequences, are designed
to reprogram cells with biological logic to sense inputs, compute
decisions and respond to their cellular environments. We aim to
design Gene Circuits to improve the intelligence of cell and gene
therapies in order to enhance their therapeutic effectiveness,
precision, and durability against a broad range of diseases that
conventional medicines do not readily address.
Our synthetic biology platform utilizes off-the-shelf chimeric
antigen receptor natural killer (CAR-NK) cells, outfitted with Gene
Circuit technologies, to target particularly challenging liquid and
solid tumor oncology indications. Our lead development candidate is
SENTI-202 for the treatment of acute myeloid leukemia (AML).
Additional CAR-NK programs include SENTI-301 for the treatment of
hepatocellular carcinoma (HCC) and SENTI-401 for the treatment of
colorectal cancer (CRC). We have also demonstrated the breadth of
our Gene Circuits in other modalities and diseases outside of
oncology and have executed partnerships with Spark Therapeutics and
BlueRock Therapeutics to advance these capabilities.
Contact Senti Bio:Deb Knobelman, PhD, CFO
investors@sentibio.com
Media:Kelli Perkinskelli@redhousecomms.com
Find more information at sentibio.comFollow us on Linkedin:
Senti BiosciencesFollow us on Twitter: @SentiBio
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