−Removed: We lease three facilities in Gaithersburg, Maryland, Novavax AB leases a facility in Uppsala, Sweden and Novavax CZ owns a facility in Bohumil, Czech Republic.
−Removed: A summary of our current facilities is set forth below.
+Added: As of December 31, 2021, we leased approximately 40,000 square feet of office space in Gaithersburg, Maryland that serves as our corporate headquarters, and approximately 170,000 square feet of office space in Gaithersburg, Maryland (“700QO”) which the Company intends to use for manufacturing, research and development, and offices.
+Added: The term of the 700QO lease agreement is approximately 15 years, and the Company has the option to extend the Lease Agreement for two successive five-year terms.
+Added: In addition, we lease offices in the United States and foreign locations for our services and support, commercial, research and development, manufacturing, and administrative personnel.
+Added: As of December 31, 2021, we leased approximately 184,000 square feet of office and other space in the United States, in addition to our corporate headquarters, and approximately 176,000 square feet of office space in various foreign locations.
Although we believe that our facilities are suitable and adequate for our present needs, the Company’s management continues to review and assess real property requirements that may be necessary to address our current business plan.
−Removed: Location Approximate
−Removed: Square Footage Brief Property
−Removed: 700QO Gaithersburg, MD 170,000 Manufacturing, research and development facility and offices
−Removed: 21FF Gaithersburg, MD 53,000 Research and development facility and offices
−Removed: 22FF Gaithersburg, MD 40,000 Executive, administrative, clinical and regulatory offices
−Removed: Uppsala, Sweden 37,300 Adjuvant manufacturing and research and development facility and offices
−Removed: Bohumil, Czech Republic 138,400 Manufacturing facility and offices
−Removed: Total square footage 438,700
−Removed: LEGAL PROCEEDINGS
−Removed: We currently have no material pending legal proceedings.
−Removed: MINE SAFETY DISCLOSURES
−Removed: Not applicable.
−Removed: Table of C onten ts
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.