Indication intelligence, analysis and sector perception

Bellicum Pharmaceutics (BLCM) new CEO

January 31, 2017 1:32pm

Share pricing is UP +$0.88 or +7.41% to $12.75

Rick Fair, the former head of Genentech’s oncology global product strategy is taking over as CEO.

The new job comes with stock options. Bellicum is providing an “inducement award,” which consists of an option to purchase up to 500,000 shares of common stock, with a per share exercise price equal to $11.87, the closing price on the grant date of January 30, 2016, and a ten-year term.

Ex-CEO Tom Farrell will act as a company adviser during the transition.

The Bottom Line: This a worthy change and uplifting as seen by the upside in the share pricing ...

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