WESTLAKE VILLAGE, Calif., Dec. 12, 2014 (GLOBE NEWSWIRE) -- KYTHERA Biopharmaceuticals, Inc. (Nasdaq:KYTH) today announced that the Compensation Committee of the Company's Board of Directors granted seven new employees options to purchase an aggregate of 101,200 shares of the Company's common stock. The exercise prices were $38.25 for the November 28 option grants, $38.31 for the December 4 option grants and $35.12 for the December 12 option grants, each of which was the closing trading price on the date of each grant. The stock options were granted pursuant to the Company's 2014 Employment Commencement Incentive Plan, which was approved by the Company's Board of Directors in August 2014 under Rule 5653(c)(4) of The Nasdaq Global Select Market for equity grants to induce new employees to enter into employment with the Company.
About KYTHERA Biopharmaceuticals, Inc.
KYTHERA Biopharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of novel prescription products for the aesthetic medicine market. Find more information at www.kytherabiopharma.com.
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Source:KYTHERA Biopharmaceuticals, Inc.