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exwannabe

04/02/22 4:47 PM

#456347 RE: hoffmann6383 #456345

subleased for double the rate of the master lease and a contract to manufacture their product


They spiffed up the good area for $17M and subleased it out for something like $350K (not bothering to look it up).

NWBO rent on the dead space is more than what Advent pays on the GMP space.

And the manufacturing agreement is a windfall for Advent. They keep making $5.1M/y to produce around $1.5M/y product. Cognate had the same great deal until LP sold them.