Biotech News - Biosite Incorporated (Public, NASDAQ:BSTE)

Biosite Incorporated (Public, NASDAQ:BSTE)

Biosite Incorporated Reports New Option Grants Under NASDAQ
Marketplace Rule 4350
Wednesday November 1, 4:02 pm ET

SAN DIEGO, Nov. 1 Biosite® Incorporated (Nasdaq: BSTE - News), today
announced that, in accordance with NASDAQ Marketplace Rule 4350, 45
non-officer employees were granted inducement stock options covering
an aggregate of 69,900 shares of common stock. These options were
granted pursuant to NASDAQ Marketplace Rule 4350 (i)(1)(A)(iv) with
the following terms: each option has been classified as a non-
qualified stock option, has an exercise price equal to the fair
market value on the grant date, has a ten-year term, and vests in 16
equal quarterly installments over four years (on each quarterly
anniversary of the applicable vesting commencement date).

About Biosite Incorporated

Biosite Incorporated is a leading bio-medical company
commercializing proteomics discoveries for the advancement of
medical diagnosis. The Company's products contribute to improvements
in medical care by aiding physicians in the diagnosis of critical
diseases and health conditions. Biosite's Triage® rapid diagnostics
are used in more than 50 percent of U.S. hospitals and in more than
50 international markets. Information on Biosite can be found at
www.biosite.com.

Biosite® Triage® and New Dimensions in Diagnosis® are registered
trademarks of Biosite Incorporated. The Company's logo is a
trademark of Biosite Incorporated.

Source: Biosite Incorporated

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