UNITY Biotechnology Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Health Care : Biotechnology | Small Cap Value
Company profile

Unity Biotechnology, Inc. is a clinical-stage biotechnology company. The Company is engaged in developing a portfolio of programs targeting specific biological mechanisms implicated in diseases of aging. The Company is focused on creating senolytic medicines to selectively eliminate senescent cells and thereby treat diseases of aging, such as ophthalmologic diseases, with the opportunity to explore neurology and other therapeutic areas. The Company's product includes UBX1325, UBX2089 and UBX2050. UBX1325 is an advanced lead drug candidate for age-related diseases of the eye, including diabetic macular edema (DME), age-related macular degeneration (AMD), and diabetic retinopathy (DR). UBX2089, an α-Klotho hormone drug candidate, is a circulating hormone primarily produced in the kidneys and choroid plexus of the brain, which is being researched for multiple neurology indications. UBX2050 is investigating fully human anti-Tie2 agonist monoclonal antibody.

Premarket

Last Trade
Delayed
$0.40
-0.005 (-1.23%)
Bid
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Market Hours

Closing Price
$0.405
Day's Change
0.00 (0.00%)
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Day's High
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Day's Low
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Volume
(Light)
Volume:
46,685

10-day average volume:
1,285,042
46,685

UNITY Biotechnology Reports Granting of New Employment Inducement Award

8:00 am ET June 29, 2022 (Globe Newswire) Print

EQNX::TICKER_START (NASDAQ:UBX), EQNX::TICKER_END UNITY Biotechnology, Inc. ("UNITY") [NASDAQ: UBX], a biotechnology company developing therapeutics to slow, halt, or reverse diseases of aging, today announced that from June 14, 2022, through June 28, 2022, the Compensation Committee of the Board of Directors (the "Board") granted a new employee a stock-based award covering an aggregate of 30,000 shares of UNITY common stock, including options to purchase an aggregate of 30,000 shares of UNITY common stock. The stock-based award was granted pursuant to the UNITY 2020 Employment Inducement Incentive Plan, as amended, which was approved by the Board in March 2020 to provide for grants to newly hired employees as a material inducement for them to commence employment with UNITY in accordance with Nasdaq Stock Market Rule 5635(c)(4).

About UNITY

UNITY is developing a new class of therapeutics to slow, halt or reverse diseases of aging. UNITY's current focus is on creating medicines to selectively eliminate or modulate senescent cells and thereby provide transformative benefit in age-related ophthalmologic and neurologic diseases. More information is available at www.unitybiotechnology.com or follow us on Twitter and LinkedIn.

Media Contact:

Canale Communications

Jason Spark

jason.spark@canalecomm.com

Investor Contact:

Joyce Allaire

LifeSci Advisors

212-915-2569

jallaire@lifesciadvisors.com

https://ml.globenewswire.com/media/4a121eed-5811-436f-a241-7b78803ced85/small/unity-color-transp-bg-jpg.png

https://ml.globenewswire.com/media/4a121eed-5811-436f-a241-7b78803ced85/small/unity-color-transp-bg-jpg.png

comtex tracking

COMTEX_409419621/2010/2022-06-29T08:00:00

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