other material
confidence high
sentiment neutral
materiality 0.60
AlloVir terminates Waltham sublease, agrees to pay $5.7M termination fee
Kalaris Therapeutics, Inc.
- Sublease terminated effective June 30, 2024; originally set to expire July 31, 2028.
- AlloVir will pay $5.7 million termination fee to AMAG Pharmaceuticals.
- AlloVir released from future rent obligations; no restoration beyond broom-clean required.
- Security deposit of $297,717 to be returned per sublease terms.
- Landlord BP Bay Colony LLC consented to termination on June 5, 2024.