other material
confidence high
sentiment neutral
materiality 0.35
Synlogic extends Azzur cleanroom lease through Mar 2023; adds $650k upgrade
SYNLOGIC, INC.
- First SOW commits $650,000 to renovate Azzur's cleanroom in Waltham, MA for expanded use.
- Second SOW replaces prior SOW, extending access term from Dec 2022 to Mar 2023.
- Total estimated project cost for the Term (access, upgrade, support) is $2.4 million.
- Agreements are under the existing License and Services Agreement with Azzur dated April 28, 2021.