AlloVir Ends Lease Agreement with AMAG Pharmaceuticals

AlloVir (ALVR) has provided an announcement.

AlloVir, Inc. has finalized a deal with AMAG Pharmaceuticals, Inc. to terminate a sublease agreement for their Waltham, Massachusetts premises, effective June 30, 2024. The termination comes with the approval of the landlord and involves AlloVir paying a $5.7 million fee, releasing them from further rental obligations post-termination. This strategic move could signal a shift in AlloVir’s operational strategy or financial positioning, which may be of interest to investors monitoring the company’s real estate footprint and cost management efforts.

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