PARSIPPANY, NJ -- (Marketwire) -- 06/16/09 -- The Medicines Company (NASDAQ: MDCO)
announced today that in accordance with NASDAQ Marketplace Rule 5635, the
Company issued new inducement stock options to 12 new hires due to
additional hiring in connection with its global expansion.
The inducement stock options covers 26,000 shares of common stock and are
classified as non-qualified stock options with an exercise price equal to
the fair market value on the grant date. The options have a 10-year term
and vest over four years as follows: 25 percent of these options will vest
on the date one year from the optionee's hire date, the remainder will vest
in monthly increments during the following 36 months (in all cases subject
to the terms and conditions of the Company's 2009 Equity Inducement Plan).
About The Medicines Company
The Medicines Company (NASDAQ: MDCO) is focused on advancing the treatment
of critical care patients through the delivery of innovative,
cost-effective medicines to the worldwide hospital marketplace. The Company
markets Angiomax® (bivalirudin) in the United States and other countries
for use in patients undergoing coronary angioplasty, and Cleviprex®
(clevidipine butyrate) injectable emulsion in the United States for the
reduction of blood pressure when oral therapy is not feasible or not
desirable. The Company also has two products in late stage development,
cangrelor, an investigational antiplatelet agent and oritavancin, a
semi-synthetic lipoglycopeptide antibiotic currently awaiting EU regulatory
approval. The Company's pipeline also includes a serine protease
inhibitor, CU2010, in early-stage development. The Medicines Company's
website is www.themedicinescompany.com.
Cautionary Note Regarding Forward-Looking Statements
Statements contained in this press release about The Medicines Company that
are not purely historical, and all other statements that are not purely
historical, may be deemed to be forward-looking statements for purposes of
the safe harbor provisions under The Private Securities Litigation Reform
Act of 1995. Without limiting the foregoing, the words "believes,"
"anticipates," "expects" and "estimates" and similar expressions are
intended to identify forward-looking statements. These forward-looking
statements involve known and unknown risks and uncertainties that may cause
the Company's actual results, levels of activity, performance or
achievements to be materially different from those expressed or implied by
these forward-looking statements. Important factors that may cause or
contribute to such differences include: whether the Company will be able to
obtain regulatory approvals; whether the Company's products and product
candidates will advance in the clinical trial process on a timely basis or
at all; whether clinical trial results will warrant submission of
applications for regulatory approval; whether physicians, patients and
other key decision-makers will accept clinical trial results; whether the
Company will be able to successfully distribute and market its approved
products; and such other factors as are set forth in the risk factors
detailed from time to time in the Company's periodic reports and
registration statements filed with the Securities and Exchange Commission
including, without limitation, the risk factors detailed in the Company's
Annual Report on Form 10-Q filed on May 11, 2009, which are incorporated
herein by reference. The Company specifically disclaims any obligation to
update these forward-looking statements.
Contact:
Robyn Brown
The Medicines Company
Phone: (973) 290-6000
Email Contact