BOTHELL, Wash.--(BUSINESS WIRE)--MDRNA, Inc. (Nasdaq: MRNA) announced today that in accordance with NASDAQ Marketplace Rule 4350(i)(1)(A)(iv), the Compensation Committee of the Board of Directors approved an inducement grant of stock options to J. Michael French, MDRNA’s Chief Executive Officer, in connection with the employment agreement that MDRNA entered into with Mr. French. On June 23, 2008, Mr. French was granted options to purchase up to 1,260,000 shares of Common Stock, of which options to purchase up to 160,037 shares of Common Stock were granted under the Company’s 2008 Stock Incentive Plan, and options to purchase up to 1,099,963 shares of Common Stock were granted as employment inducement options.
