 SAN DIEGO, Jan. 05, 2021 GLOBE NEWSWIRE -- Cidara Therapeutics, Inc. Nasdaq: CDTX, a biotechnology company developing long-acting therapeutics designed to transform the standard of care for patients facing serious fungal or viral infections, today announced that the Compensation Committee of its Board of Directors granted a stock option to purchase 115,000 shares of its common stock to a new employee, pursuant to the Cidara Therapeutics, Inc. 2020 Inducement Incentive Plan, with a grant date of December 31, 2020. The stock option has an exercise price of 2.00 per share, which is equal to the closing price of Cidaras common stock on the grant date. The shares subject to the option will vest over four years, with 25 of the shares vesting on the one-year anniversary of the vesting commencement date and the balance of the shares vesting in a series of 36 successive equal monthly installments thereafter, subject to continuous service through each vesting date. The stock option has a ten-year term and is subject to the terms and conditions of the companys 2020 Inducement Incentive Plan and its standard form of stock option grant agreement thereunder. 