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Subsequent Event
6 Months Ended
Jun. 30, 2021
Subsequent Event [Abstract]  
Subsequent Event

11. Subsequent Event

In July 2021, we entered into a 12-year operating lease agreement to build out an approximately 104,000 square foot current Good Manufacturing Practice-, or cGMP-, compliant manufacturing facility in Waltham, Massachusetts to scale ceDNA manufacturing utilizing RES for cGMP-compliant clinical and initial commercial supply. In addition, the new facility will house expanded capacity for research production and process development activities. Subject to certain conditions, the lease is anticipated to commence in June 2022, and monthly rent payments are expected to begin in September 2022. In connection with the lease, we provided a security deposit of $3.6 million in the form of a letter of credit. We will pay an initial monthly base rent of approximately $0.4 million that will increase annually, up to an estimated monthly base rent of $0.8 million. We have an option to extend the lease term for two additional terms of five years at the then-current fair market value. We are obligated to pay operating costs, taxes and utilities applicable to the facility. We will be responsible for costs of constructing interior improvements within the facility that exceed a construction allowance of $26.0 million provided by the landlord.