Kronos Bio terminates Cambridge lease, pays $22.5M, expects $18.2M savings

Kronos Bio, Inc.

Lease termination effective June 30, 2025; original term was set to expire February 2031.
Company paid $22.5M to landlord; will receive $2.0M security deposit back within 60 days.
Estimates $18.2M aggregate additional cost savings from termination of lease.
Leased office and laboratory space at 301 Binney Street, Cambridge, MA.

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