Psychemedics Optimizes Costs with Early Lease Termination
Company Announcements

Psychemedics Optimizes Costs with Early Lease Termination

Psychemedics (PMD) has shared an announcement.

Psychemedics Corporation has agreed to an early lease termination with Culver City/Hannum, LLC for their premises in Culver City, effective June 30, 2024. The company will pay around $110 thousand for this agreement but anticipates a net cost saving of about $250 thousand, optimizing their facility expenses compared to the original lease terms.

For detailed information about PMD stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyPsychemedics launches ketamine hair testing service
GlobeNewswirePsychemedics Corporation Launches New Ketamine Hair Testing Service
GlobeNewswirePsychemedics Corporation Reports Second Quarter 2024 Financial Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App