−Removed: On March 26, 2021, Summit Therapeutics Sub Inc.
−Removed: entered into a Sublease with MZA for premises consisting of 4,500 feet of space at 2882 Sand Hill Road, Menlo Park, CA (the “Sublease”).
−Removed: The Sublease runs until September 2022, with monthly rent payments to MZA of $57,960 in the first six months and $59,670 for the remainder of the term of the Sublease.
−Removed: The rent payable under the terms of the Sublease is equivalent to the proportionate share of the rent payable by MZA to the third party landlord, based on the square footage of office space sublet by the Company, and no mark-up has been applied.
+Added: The following table provides information concerning Summit's principal leased facilities as of December 31, 2021:
We maintain the following leased properties:
−Removed: Type/Uses Location Size Lease Expiry
+Added: Type/Uses Location Size Lease Expiration
Executive office Oxfordshire, United Kingdom 6,781 square feet February 2027
−Removed: Executive office Cambridge, Massachusetts 996 square feet Rolling
−Removed: Laboratory and office Cambridge, United Kingdom 8,834 square feet December 2021
−Removed: Executive office Menlo Park, California 4,500 square feet September 2022
−Removed: We believe our facilities are adequate and suitable for our current needs and that should it be needed, suitable additional or alternative space will be available to accommodate our operations.
+Added: Executive office Cambridge, Massachusetts, United States 996 square feet Rolling
+Added: Executive office Menlo Park, California, United States 4,500 square feet September 2022
+Added: Laboratory and office Sawston, United Kingdom 7,644 square feet October 2026
+Added: We believe our facilities are suitable and adequate to meet our needs.
Legal Proceedings
4 unchanged sentences
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.