Item 2. Properties
ITEM 2. PROPERTIES
We lease approximately 27,128 sq. ft. of office and laboratory space in Boulder, Colorado under a lease that expires in December 2021, subject to two three-year renewal options prior to the expiration, and that includes rent escalation clauses through the lease term. Additionally, we lease approximately 1,087 sq. ft. of research and development space in Waltham, Massachusetts under a lease that expires in February 2023 that includes rent escalation clauses through the lease term. We believe that our current space is suitable for our current needs.
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