Idera Announces Appointment of Joanna Horobin as Chief Medical Officer
“After an extensive search process, I am thrilled that we are able to bring Joanna into Idera, where her impressive leadership skills and experience are going to be essential in leading the many programs we have through the development cycle; and ultimately into beneficial therapeutic solutions for the patients we aim to serve,” stated
Dr. Horobin has over 30 years of successful pharmaceutical development experience. Prior to her positions at
“I am honored and excited to join Idera, to lead the growing development team at this crucial time for the translation of Idera’s promising scientific platforms. We have tremendous momentum underway and I plan to fully leverage this as we look to develop potential new treatment options for patients with cancer and rare diseases,” stated
Inducement Grant Under NASDAQ Listing Rule 5635(c)(4)
In connection with the hiring of Dr. Horobin, the Board of Directors of the Company approved the grant to Dr. Horobin of a stock option to purchase 275,000 shares of the Company’s common stock. The option was granted as an inducement equity award outside the Company’s 2013 Stock Incentive Plan and was made as an inducement material to Dr. Horobin’s acceptance of employment with the company. The option will have an exercise price equal to the closing price of the Company’s common stock on November 30, 2015. The option has a ten year term and vests over four years, with 25% of the original number of shares vesting on November 30, 2016 and an additional 6.25% of the original number of shares vesting at the end of each successive quarter thereafter, subject to Dr. Horobin’s continued service with the Company through the applicable vesting dates.
About Idera Pharmaceuticals
Idera Pharmaceuticals is a clinical-stage biopharmaceutical company developing novel nucleic acid-based therapies for the treatment of certain cancers and rare diseases. Idera’s proprietary technology involves using a TLR-targeting technology, to design synthetic oligonucleotide-based drug candidates to act by modulating the activity of specific TLRs. In addition to its TLR programs, Idera is developing a third generation antisense technology platform that it has created using its proprietary technology to inhibit the production of disease-associated proteins by targeting RNA. To learn more about Idera, visit www.iderapharma.com.
Investor and Media ContactRobert Doody VP,IR & Corporate Communications 617-679-5515 (office) 484‐639‐7235 (mobile) rdoody@iderapharma.com