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flag Biotech firms granted stock to new hires without shareholder approval, per Nasdaq rules.

flag Several biotechnology companies, including PTC Therapeutics, Abeona Therapeutics, Solid Biosciences, Akebia Therapeutics, and Biomea Fusion, have announced employee inducement stock grants under Nasdaq Listing Rule 5635(c)(4). flag These grants are typically made to attract new hires and are exempt from shareholder approval. flag The details of the grants, such as the number of shares or value, were not included in the announcements.

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