Item 2. Properties
Item 2.
Properties
Our facilities consist of leased office space, laboratory space and manufacturing facilities. Effective January 1, 2026, we entered into a sublease for approximately 24,000 square feet of office space located at 14 Crosby Drive in Bedford, Massachusetts. The lease commenced on January 1, 2026 and will expire on March 30, 2031. We expect this location will become our company headquarters. A summary of our leased properties is as follows:
Location
Approximate
Square Feet
Use
Lease
Expiration
Bedford, MA
71,000
Manufacturing, laboratories, warehouse, office space
2027
Bedford, MA
24,000
Office space (future corporate headquarters)
2031
Bedford, MA
20,000
Manufacturing, warehouse, office space
2028
We hold options to extend the lease for approximately 71,000 square feet in Bedford, Massachusetts for a total of up to 10 additional years. We believe our current facilities are suitable and adequate to meet our current needs.
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