XML 38 R25.htm IDEA: XBRL DOCUMENT v3.21.2
Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events

17. Subsequent events

In July 2021, the Company entered into an agreement to lease 163,193 square feet of industrial space located in Fremont, CA for the construction of a GMP manufacturing facility. The initial term of the lease is July 2021 through November 2031 and includes the option to extend for up to two additional five-year terms. The Company will be obligated to pay base rent of $28.6 million over the initial term of the lease. In accordance with the lease agreement, the Company has obtained a letter of credit in the amount of $6.4 million, which amount is subject to reduction to $0.5 million under certain circumstances starting in July 2023.