Date: 2016-01-20
Type of information: Nomination
Compound:
Company: Argos Therapeutics (USA - NC)
Therapeutic area: Cancer - Oncology
Type agreement: nomination
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Details: * On January 20, 2016, Argos Therapeutics announced that Lee F. Allen, MD, PhD, has joined the company as chief medical officer. Dr. Allen comes to Argos with nearly two decades of broad strategic and operational leadership roles in clinical research and development in the pharmaceutical industry, most recently serving as chief medical officer for Spectrum Pharmaceuticals. With a focus on immunology, hematology and oncology, Dr. Allen has held executive level positions with AMAG Pharmaceuticals, Wyeth Research, Pfizer, and BASF's Knoll Pharmaceuticals. He has also served in clinical leadership roles in the Division of Hematology/Oncology at the University of Utah Health Sciences' Huntsman Cancer Institute and Duke University Medical Center. He earned a PhD in pathology and an MD from the University of Medicine and Dentistry of New Jersey, and trained in Internal Medicine and Hematology/Oncology at the Duke University Medical Center. At Duke, Dr. Allen also studied signal transduction pathways in the Howard Hughes Laboratory of Nobel Laureate, Dr. Robert Lefkowitz. Dr. Allen has authored or co-authored numerous clinical and basic science publications in oncology including papers in the Proceeding of the National Academy of Sciences, Nature, and Science. The company also announced that on January 19, 2016, the Compensation Committee of the Company's Board of Directors approved an inducement grant of an option to purchase 300,000 shares of the Company's common stock to Dr. Allen. The stock option has a 10 year term and a per share exercise price equal to the closing price per share of the Company's common stock as quoted on the Nasdaq Capital Market on January 19, 2016. The stock option has a vesting commencement date of January 18, 2016, and will vest over 4 years, with 25% vesting on January 18, 2017 and then vesting in equal monthly increments over the next three years, subject to Dr. Allen's continued service with the Company through each applicable vesting date. The stock option grant was made as an inducement that was material to Dr. Allen's acceptance of employment with the Company and was granted as an employment inducement award pursuant to NASDAQ Listing Rule 5635(c)(4).
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