Crescent Biopharma Grants 129,626 Stock Options to Attract Talent
- Options Grant: Crescent Biopharma's Board approved the grant of 129,626 stock options to three non-executive employees as part of the 2025 Employment Inducement Incentive Award Plan, aimed at attracting key talent and enhancing team stability.
- Incentive Structure: The options have an exercise price of $13.21 per share, aligning with the closing price on December 15, 2025, ensuring that employees can benefit financially as the company performs well.
- Vesting Schedule: Options will vest one-fourth on the first anniversary of the employee's start date, with one-forty-eighth vesting monthly thereafter, ensuring long-term employee commitment through continuous service with Crescent.
- Strategic Aim: By implementing such incentive measures, Crescent Biopharma aims to build an efficient oncology team to rapidly advance innovative therapies like its PD-1 x VEGF bispecific antibody, further solidifying its market position in the biotechnology sector.
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- Management Participation: Crescent Biopharma is scheduled to participate in the Guggenheim Emerging Outlook: Biotech Summit on February 12, 2026, in New York, showcasing its latest advancements in cancer therapies, which is expected to attract investor attention and enhance the company's visibility.
- Live Webcast Availability: The event will be webcast live on the company's website, with a replay accessible for 90 days post-event, enhancing interaction with investors and increasing transparency and trust.
- Pipeline Overview: Crescent Biopharma's clinical-stage pipeline includes a PD-1 x VEGF bispecific antibody and novel antibody-drug conjugates (ADCs), aiming to rapidly advance cancer treatments that could transform existing therapeutic paradigms.
- Company Vision: Crescent Biopharma is committed to becoming a world-leading oncology company, leveraging multiple modalities and combination regimens to rapidly advance potentially transformative therapies for a range of solid tumors, demonstrating its strategic ambition in the biotech sector.
- Century Communities Rating: Analyst James McCanless initiated coverage on Century Communities Inc (NYSE:CCS) with a Market Outperform rating and a price target of $92, indicating significant upside from Tuesday's close of $66.26, reflecting confidence in the company's growth prospects.
- Alumis Inc Rating: Chardan Capital analyst Janani Sundararajan initiated coverage on Alumis Inc (NASDAQ:ALMS) with a Buy rating and a price target of $37, suggesting a 41% upside from Tuesday's close of $26.06, showcasing optimism about its business outlook.
- Credo Technology Rating: Rosenblatt analyst Mike Genovese initiated coverage on Credo Technology Group Holding Ltd (NASDAQ:CRDO) with a Neutral rating and a price target of $170, indicating potential upside from the current price of $153.22, reflecting a cautious view on its market performance.
- Crescent Biopharma Rating: Guggenheim analyst Brad Canino initiated coverage on Crescent Biopharma Inc (NASDAQ:CBIO) with a Buy rating and a price target of $35, representing a 150% upside from Tuesday's close of $13.98, indicating strong confidence in its future growth potential.
- Options Grant: Crescent Biopharma's Board approved the grant of 129,626 stock options to three non-executive employees as part of the 2025 Employment Inducement Incentive Award Plan, aimed at attracting key talent and enhancing team stability.
- Incentive Structure: The options have an exercise price of $13.21 per share, aligning with the closing price on December 15, 2025, ensuring that employees can benefit financially as the company performs well.
- Vesting Schedule: Options will vest one-fourth on the first anniversary of the employee's start date, with one-forty-eighth vesting monthly thereafter, ensuring long-term employee commitment through continuous service with Crescent.
- Strategic Aim: By implementing such incentive measures, Crescent Biopharma aims to build an efficient oncology team to rapidly advance innovative therapies like its PD-1 x VEGF bispecific antibody, further solidifying its market position in the biotechnology sector.
Equity Inducement Awards: Crescent Biopharma's Board approved the grant of options to purchase 129,626 shares to three non-executive employees as part of their 2025 Employment Inducement Incentive Award Plan, with options granted on December 15, 2025.
Option Details: The options have a 10-year term with an exercise price of $13.21 per share, vesting over time based on the employees' continuous service with the company.
Company Vision: Crescent Biopharma aims to become a leading oncology company, focusing on developing innovative therapies for cancer patients, including a PD-1 x VEGF bispecific antibody and novel antibody-drug conjugates.
Pipeline Strategy: The company plans to advance transformative therapies for solid tumors through various modalities and combination regimens, enhancing treatment options for patients.
Partnership Announcement: Crescent Biopharma has formed an exclusive partnership with Sichuan Kelun-Biotech to develop next-generation oncology therapeutics, including the bispecific antibody CR-001 and various antibody-drug conjugates.
Private Placement Details: The company secured a $185 million private placement to support clinical development, with expected closure around December 8, 2023, and participation from several investment firms.
Pipeline Timeline: Crescent anticipates that its products CR-001, CR-002, and CR-003 will enter clinical trials in 2026, with initial proof-of-concept data expected in 2027.
Market Reaction: Following the announcement, Crescent Biopharma's shares experienced a decline of 2.31%, trading at $13.10 at the time of reporting.

Partnership Announcement: Crescent Biopharma, Inc. has formed an exclusive partnership with Sichuan Kelun-Biotech to develop and commercialize oncology therapeutics, including CR-001 and SKB105, with both expected to enter Phase 1/2 trials in 2026.
Financial Details: The collaboration includes significant financial arrangements, with Kelun-Biotech receiving an $80 million upfront payment and potential milestone payments totaling up to $1.25 billion, while Crescent will receive $20 million upfront and up to $30 million in milestones.
Private Securities Deal: Crescent Biopharma has also announced a private securities deal expected to raise approximately $185 million, which will fund key clinical data readouts starting in 2027 and extend the company's cash runway into 2028.
Market Reaction: Following the announcement, Crescent Biopharma's shares surged over 36% in pre-market trading, reflecting positive investor sentiment regarding the partnership and funding initiatives.










