Item 2. Properties
ITEM 2. PROPERTIES
The following table summarizes the Company’s leased facilities as of November 20, 2024.
Approximate Square Footage Primary Use Lease
Expiration Remaining Lease
Term (year)
Pasadena, California 49,000 Corporate Headquarters April 2027 2.5
Madison, Wisconsin 107,000 Research Facility September 2031 6.9
San Diego, California 144,000 Research and Office Facility April 2038 13.5
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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. During fiscal year 2024, the Company completed the build out of one of its laboratory and office facilities and plans to finalize the manufacturing facility by the end of the first quarter of fiscal year 2025.
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