−Removed: We currently lease 1,750 square feet of laboratory space in Philadelphia, PA.
−Removed: We are currently on a month-to-month lease on this Philadelphia lab space.
−Removed: We, as well as our landlord, can terminate the lease with four months notice.
−Removed: We have entered into a lease for 3,927 square feet of new laboratory space in King of Prussia, PA to replace the Philadelphia lab space, but this lease has not yet commenced with expected occupancy in the second quarter of 2024.
−Removed: We are party to an operating lease for approximately 17,705 square feet of office space in Boston, Massachusetts, which we refer to as the Boston Lease.
−Removed: The Boston Lease expires in October 2029.
+Added: We are party to an operating lease for approximately 3,927 square feet of laboratory space in King of Prussia, PA.
+Added: We believe the lab space is sufficient for our needs for the next several years.
+Added: We are party to an operating lease for approximately 8,104 square feet of office space in Bala Cynwyd, Pennsylvania that serves as our corporate office.
+Added: We expect to increase our office space at our Bala Cynwyd Pennsylvania office in the near term by approximately 7,107 square feet to 15,211 square feet.
+Added: We believe that appropriate office space will be readily available on commercially reasonable terms.
+Added: We are party to an operating lease for approximately 17,705 square feet of office space in Boston, Massachusetts.
+Added: This lease expires in October 2029.
On October 27, 2020, we entered into a sublease agreement whereby we subleased all 17,705 square feet of office space leased under the Boston Lease until October 2029.
−Removed: We believe that we will need to increase our lease space in the near and intermediate term.
−Removed: We believe that both appropriate office and laboratory space will be readily available on commercially reasonable terms.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.