GBT Announces New Employment Inducement Grants

SOUTH SAN FRANCISCO, Calif., Jan. 03, 2019 (GLOBE NEWSWIRE) -- Global Blood Therapeutics, Inc. (GBT or the Company) GBT today announced that, on January 1, 2019, the compensation committee of the Company's board of directors granted three new employees options to purchase an aggregate of 6,000 shares of the Company's common stock with a per share exercise price of $41.05 and restricted stock units for an aggregate of 3,950 shares of the Company's common stock. All of the above-described awards were made under the Company's Amended and Restated 2017 Inducement Equity Plan (the Plan). Pursuant to the Plan, the exercise price for the 6,000 shares of the Company's common stock was the closing trading price on December 31, 2018 because there was no closing trading price on the January 1, 2019 grant date.

The above-described awards were each granted as an inducement material to the employees entering into employment with the Company in accordance with NASDAQ Listing Rule 5635(c)(4), and were granted pursuant to the terms of the Plan. The Plan was adopted by the Company's board of directors in January 2017.

About Global Blood Therapeutics

GBT is a clinical-stage biopharmaceutical company determined to discover, develop and deliver innovative treatments that provide hope to underserved patient communities. GBT is developing two therapies for the potential treatment of sickle cell disease, including its late-stage product candidate, voxelotor, as an oral, once-daily therapy. To learn more, please visit www.gbt.com and follow the company on Twitter @GBT_news.

Contact Information:

Myesha Lacy (investors)

GBT

650-351-4730

investor@gbt.com

Stephanie Yao (media)

GBT

650-741-7730

media@gbt.com