2 unchanged sentences
United States
−Removed: • Tech Center Lease :
+Added: • Headquarters Lease :
181,949 square feet of general administrative, laboratory and research and development office space located on High Bluff Drive in San Diego, California.
−Removed: Phase I of the lease, consisting of 143,850 square feet, commenced in March of 2022.
−Removed: Phase II of the lease, consisting of 38,099 square feet, is expected to commence in 2025.
+Added: Phase I of the lease, consisting of 143,850 rentable square feet, began in March of 2022.
+Added: Phase II of the lease, consisting of 38,099 rentable square feet, is expected to begin in the first quarter of 2025.
The lease term covering both Phase I and Phase II is currently expected to expire in April 2035.
We have two options to extend the term of the lease, with each option providing for an additional period of five years.
+Added: The Headquarters Lease also includes a first right of offer with respect to an additional 16,154 rentable square feet of general office space should the space become available.
• Vista Sorrento Parkway Lease :
73,929 square feet of general office space located on Vista Sorrento Parkway in San Diego, California, which is scheduled to expire in January 2028.
−Removed: We have two options to extend the term of the Vista Sorrento Parkway lease, with each option providing for an additional period of five years.
+Added: We have two options to extend the term of the Vista Sorrento Parkway lease, with each option providing for an additional period of five years, which are not expected to be exercised.
+Added: During the second quarter of 2023, the Company consolidated facilities by moving the administrative functions and other operations from the Vista Sorrento Lease facility to the new Headquarters Lease location, and this leased facility is currently unoccupied.
• Barnes Canyon Lease :
5 unchanged sentences
31,372 square feet of general office space located on High Bluff Drive, in San Diego, California, which is scheduled to expire in March 2024.
−Removed: • Roselle Street Leases :
−Removed: 77,458 square feet of general office and laboratory space located on Roselle Street in San Diego, California.
−Removed: All of our existing leases for facilities on Roselle Street are scheduled to expire in May 2023.
+Added: This leased facility is currently unoccupied.
+Added: • Wrigley Lease:
+Added: 7,753 square feet of general administrative and research and development office space located on Wrigley Avenue in Irvine, California, which is scheduled to expire in October 2024.
+Added: In January 2024, the Company extended the term of this lease through October 2025.
Outside the United States
−Removed: • Markham Lease :
+Added: • Switzerland Lease :
+Added: 11,287 square feet of general administrative and research and development office space located in Saint-Sulpice, Switzerland, which expired in December 2023.
+Added: The Company executed a new lease agreement with a lease term that begins in January 2024 and expires in December 2028.
+Added: • Canada Lease :
667 square feet of general office space located in Markham, Ontario, Canada.
2 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.