PDS Biotech Reports Inducement Grants Under Nasdaq Listing


FLORHAM PARK, N.J., Sept. 23, 2022 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy firm creating a rising pipeline of focused immunotherapies for most cancers and infectious illness, immediately introduced PDS Biotech granted nonstatutory inventory choices to (a) Amber King, PDS Biotech’s Clinical Trial Assistant, to buy 5,000 shares of PDS Biotech widespread inventory, (b) Charliene Casey, PDS Biotech’s Associate Director, Data Management, to buy 12,000 shares of PDS Biotech’s widespread inventory, and (c) David Schaaf, PDS Biotech’s Vice President, Medical Affairs, to buy 70,000 shares of PDS Biotech’s widespread inventory, in every case, as a fabric inducement to their employment with PDS Biotech and in accordance with Nasdaq Listing Rule 5635(c)(4) and PDS Biotech’s 2019 Inducement Plan, as amended, which was adopted on June 17, 2019 and offers for the granting of fairness awards to new workers of PDS Biotech.

Each inventory possibility has an train value of $3.18, the closing value of PDS Biotech’s widespread inventory on September 22, 2022. Each inventory possibility vests over a four-year interval, with one-quarter of the shares vesting on the primary anniversary of the grant date and the remaining shares vesting month-to-month over the 36-month interval thereafter, topic to continued employment with the corporate by way of the relevant vesting dates.

About PDS Biotechnology

PDS Biotech is a clinical-stage immunotherapy firm creating a rising pipeline of focused most cancers and infectious illness immunotherapies primarily based on the Company’s proprietary Versamune® and Infectimune™ T-cell activating expertise platforms. Our Versamune® primarily based merchandise have demonstrated the potential to beat the restrictions of present immunotherapy by inducing in vivo, giant portions of high-quality, extremely potent polyfunctional tumor particular CD4+ helper and CD8+ killer T-cells. PDS Biotech has developed a number of therapies, primarily based on mixtures of Versamune® and disease-specific antigens, designed to coach the immune system to higher acknowledge diseased cells and successfully assault and destroy them.  The Company’s pipeline merchandise handle numerous cancers together with HPV16-associated cancers (anal, cervical, head and neck, penile, vaginal, vulvar) and breast, colon, lung, prostate and ovarian cancers.  

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Our Infectimune™ primarily based vaccines have demonstrated the potential to induce not solely strong and sturdy neutralizing antibody responses, but in addition highly effective T-cell responses together with long-lasting reminiscence T-cell responses. To study extra, please go to www.pdsbiotech.com or comply with us on Twitter at @PDSBiotech.

Forward Looking Statements

This communication comprises forward-looking statements (together with inside the which means of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended) regarding PDS Biotechnology Corporation (the “Company”) and different issues. These statements might focus on objectives, intentions and expectations as to future plans, tendencies, occasions, outcomes of operations or monetary situation, or in any other case, primarily based on present beliefs of the Company’s administration, in addition to assumptions made by, and data at the moment obtainable to, administration. Forward-looking statements usually embody statements which might be predictive in nature and rely on or confer with future occasions or situations, and embody phrases akin to “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” “forecast,” “guidance”, “outlook” and different related expressions amongst others. Forward-looking statements are primarily based on present beliefs and assumptions which might be topic to dangers and uncertainties and will not be ensures of future efficiency. Actual outcomes might differ materially from these contained in any forward-looking assertion because of numerous elements, together with, with out limitation: the Company’s capacity to guard its mental property rights; the Company’s anticipated capital necessities, together with the Company’s anticipated money runway and the Company’s present expectations relating to its plans for future fairness financings; the Company’s dependence on extra financing to fund its operations and full the event and commercialization of its product candidates, and the dangers that elevating such extra capital might limit the Company’s operations or require the Company to relinquish rights to the Company’s applied sciences or product candidates; the Company’s restricted working historical past within the Company’s present line of business, which makes it tough to judge the Company’s prospects, the Company’s business plan or the probability of the Company’s profitable implementation of such business plan; the timing for the Company or its companions to provoke the deliberate scientific trials for PDS0101, PDS0203 and different Versamune® and Infectimune™-based product candidates; the longer term success of such trials; the profitable implementation of the Company’s analysis and improvement packages and collaborations, together with any collaboration research regarding PDS0101, PDS0203 and different Versamune® and Infectimune™-based product candidates and the Company’s interpretation of the outcomes and findings of such packages and collaborations and whether or not such outcomes are ample to assist the longer term success of the Company’s product candidates; the success, timing and value of the Company’s ongoing scientific trials and anticipated scientific trials for the Company’s present product candidates, together with statements relating to the timing of initiation, tempo of enrollment and completion of the trials (together with the Company’s capacity to totally fund its disclosed scientific trials, which assumes no materials modifications to our at the moment projected bills), futility analyses, shows at conferences and knowledge reported in an summary, and receipt of interim outcomes (together with, with out limitation, any preclinical outcomes or knowledge), which aren’t essentially indicative of the ultimate outcomes of the Company’s ongoing scientific trials; any Company statements about its understanding of product candidates mechanisms of motion and interpretation of preclinical and early scientific outcomes from its scientific improvement packages and any collaboration research; and different elements, together with legislative, regulatory, political and financial developments not inside the Company’s management, together with unexpected circumstances or different disruptions to regular business operations arising from or associated to COVID-19. The foregoing evaluation of necessary elements that might trigger precise occasions to vary from expectations shouldn’t be construed as exhaustive and needs to be learn along with statements which might be included herein and elsewhere, together with the chance elements included within the Company’s annual and periodic studies filed with the SEC. The forward-looking statements are made solely as of the date of this press launch and, besides as required by relevant regulation, the Company undertakes no obligation to revise or replace any forward-looking assertion, or to make some other forward-looking statements, whether or not because of new info, future occasions or in any other case.

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Versamune® is a registered trademark and Infectimune™ is a trademark of PDS Biotechnology.

Investor Contacts:

Deanne Randolph
PDS Biotech
Phone: +1 (908) 517-3613

Rich Cockrell
CG Capital
Phone: +1 (404) 736-3838

Dave Schemelia
Tiberend Strategic Advisors, Inc.
Phone: +1 (609) 468-9325

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