Item 2. Properties
ITEM
2. PROPERTIES
Our corporate headquarters are located in Ness
Ziona, Israel. Our facility comprises 28,610 square feet of office and laboratory space, which includes a 6,500 square foot manufacturing
area. The lease agreement expires in November 2025, with an option to extend the term by five years. This facility has been designed with
the capacity to produce clinical quantities of our product candidates required for clinical development. In August 2022, BiomX Israel
entered into a sublease agreement for a portion of its office space in Ness Ziona, Israel. The sublease agreement ended in September 2024.
In
addition to our premises in Israel, we are leasing a 25,894 square feet facility of office and laboratory space in Gaithersburg, Maryland,
including 6,100 square feet manufacturing facility. The lease agreement expires in July 2034, with an option to terminate in February
2029, subject to 12 months’ notice and early termination fee. In December 2024, we decided to cease the use of the property in
Gaithersburg, Maryland and made it available for sublease.
We
believe our facilities are sufficient to meet our current needs.
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