Senti Biosciences Announces New Employment Inducement Grants
February 03 2023 - 4:05PM
Senti Biosciences, Inc. (Nasdaq: SNTI) (“Senti Bio”), a
biotechnology company innovating next-generation cell and gene
therapies using its proprietary Gene Circuit technology platform,
today announced that effective on February 1, 2023, the
Compensation Committee of Senti Bio’s Board of Directors granted to
13 new employees stock options to purchase an aggregate of 309,000
shares of the Company’s common stock with a per share exercise
price of $1.81. 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 novel and proprietary
Gene Circuits 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 product candidate is SENTI-202 for the
treatment of CD33 and/or FLT3 expressing hematologic malignancies,
such as AML and MDS. Additionally, our SENTI-401 program is being
designed for the treatment of colorectal cancer (CRC) and other
CEA-positive cancers. We have also demonstrated in preclinical
studies the potential breadth of our Gene Circuits in other
modalities, including T cells, AAVs and iPSCs, and diseases outside
of oncology; and we 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 Biosciences
Senti Biosciences (NASDAQ:SNTI)
Historical Stock Chart
From Oct 2024 to Nov 2024
Senti Biosciences (NASDAQ:SNTI)
Historical Stock Chart
From Nov 2023 to Nov 2024