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Commitments and Contingencies

12 Months Ended

Dec. 31, 2017

9. Commitments and Contingencies

General

Please refer to Note 3 — Significant Contracts for further discussion of certain of the Company’s commitments and contingencies.

Leases

In October 2000, the Company entered into a twenty-five year lease for its research and development facility in Dundee, Scotland. Rent expense, which includes lease payments related to the Company’s research and development facilities and corporate headquarters and other rent related expenses was $0.5 and $0.5 million for each of the years ended December 31, 2016 and 2017, respectively.

The following is a summary of the Company’s future contractual obligations and commitments relating to its facilities leases as at December 31, 2017 (in thousands):

	Operating Lease Obligation
2018		$	348
2019			344
2020			344
2021			344
2022			343
thereafter			956
Total future minimum lease obligations		$	2,679