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KYTHERA Biopharmaceuticals Grants Stock Options Under Inducement Program

WESTLAKE VILLAGE, Calif., May 6, 2015 (GLOBE NEWSWIRE) -- KYTHERA Biopharmaceuticals, Inc. (Nasdaq:KYTH) today announced that on May 1, 2015, the Compensation Committee of the Company’s Board of Directors granted 25 new employees options to purchase an aggregate of 133,500 shares of the Company’s common stock. The exercise price of each option was $45.43, the closing trading price on the date of 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 biopharmaceutical company focused on the discovery, development and commercialization of novel prescription products for the aesthetic medicine market. Find more information at www.kythera.com.

Investor Contact: Heather Rowe Director, Investor Relations Tel: (818) 587- 4559 hrowe@kytherabiopharma.com

Source:KYTHERA Biopharmaceuticals, Inc.