ADC Therapeutics Awards Stock Options to New Employees as Part of Inducement Plan

LAUSANNE, Switzerland - ADC Therapeutics SA ADCT, a pioneering biotechnology company specializing in the development of Antibody Drug Conjugates (ADCs) for treating hematologic cancers and solid tumors, has publicized its issuance of stock options to newly onboarded team members in an effort to bolster company growth. This granting of options is part of an inducement plan to attract top-tier talent into the ADC Therapeutics' fold.

New Talent Incentivized with Stock Options

In a strategic move to incentivize and integrate new employees, ADCT has granted options to purchase a cumulative total of 109,800 shares of the company’s common stock. These grants were awarded to three newly inducted employees as of June 3, 2024, each earmarked as a 'Grant.' The options are designed to align the interests of the new personnel with those of shareholders and provide an impetus to contribute to the company's ongoing quest to innovate within the realm of cancer therapy.

Fostering Growth Through Employee Ownership

The inducement of stock options is expected not only to attract proficient individuals but to also encourage their commitment to the success of ADCT's clinical objectives. By integrating employee interests with corporate success, ADCT positions itself as a forward-thinking employer in the competitive biotechnology industry. These grants could have a positive ripple effect on employee performance, potentially accelerating advancements in ADC's pipeline and bringing novel treatments to market faster.

Located in Epalinges, Switzerland, ADCT is at the vanguard of ADC research, focusing on drug development for patients grappling with serious hematologic and solid tumor malignancies. This crucial development underscores ADCT's commitment to innovation and excellence in the biotech space.

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