Item 2. Properties
Item 2. Properties .
Our corporate headquarters are located in Rockville, Maryland, where we occupy approximately 10,363 square feet of office space under a lease agreement expiring December 31, 2027, with monthly rent of $27,187. Our Spanish subsidiary Theriva Biologics S.L. (formerly VCN Biosciences S.L.) currently leases approximately 8,611 square feet of office and lab space office space in Parets de Vallès, Barcelona, Spain with a rent of 26,425 Euros per month. This lease was executed for an initial term beginning in January 2023 until October 2026, with an option to renew for an additional five years.
We do not own any real property. We believe that we have adequate space for our anticipated needs and that suitable additional space will be available at commercially reasonable prices as needed.
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