other material
confidence high
sentiment neutral
materiality 0.50
ProKidney to acquire two Winston-Salem buildings for $22.5M for rilparencel manufacturing
PROKIDNEY CORP.
- Purchase price of $22.5 million in cash for two buildings totaling ~180,000 sq ft.
- Buildings will support manufacturing operations for lead product candidate rilparencel.
- Transaction expected to close by end of November 2024, subject to customary conditions.
- Company currently occupies portions of the buildings under existing leases.
- Agreement contains customary representations; no financing contingency disclosed.