Item 2. Properties
ITEM 2. PROPERTIES
The following table summarizes the Company’s leased facilities as of November 19, 2025.
Approximate Square Footage Primary Use Lease
Expiration Remaining Lease
Term (year)
Pasadena, California 49,000 Corporate Headquarters April 2027 1.5
Madison, Wisconsin 110,956 Research Facility September 2031 5.9
San Diego, California 144,000 Research and Office Facility April 2038 12.5
The Company owns land in the Verona Technology Park in Verona, Wisconsin, which has been developed into an approximately 160,000 square foot drug manufacturing facility and an approximately 140,000 square foot laboratory and office facility which will support the Company’s manufacturing process development and analytical activities. The Company completed the build out of one of its laboratory and office facilities during the first quarter of fiscal year 2024 and substantially completed the build out of its manufacturing facility during the first quarter of fiscal year 2025.
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