WALTHAM, Mass., July 16, 2018 (GLOBE NEWSWIRE) -- Radius Health, Inc. (“Radius” or the “Company”) (Nasdaq:RDUS) today announced that the Compensation Committee of the Company’s Board of Directors granted Chhaya Shah, in connection with her appointment as the Company’s Senior Vice President, Technical Operations, an option to purchase 60,000 shares of the Company’s common stock with a per share exercise price of $28.74, the closing trading price of the Company’s common stock on the NASDAQ Global Market on the grant date of July 16, 2018. The stock option vests 25% on the first anniversary of the grant date, with the remaining 75% to vest in monthly installments over the three years thereafter, subject to continued service with the Company through the applicable vesting dates, and has a ten-year term. The stock option was granted as an inducement material to Ms. Shah entering into employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4).
Radius is a science-driven fully integrated biopharmaceutical company that is committed to developing and commercializing innovative endocrine therapeutics in the areas of osteoporosis and oncology. For more information, please visit www.radiuspharm.com.
Investor & Media Relations Contact:
Elhan Webb, CFA