Generation Bio Co. Ends Lease Citing Landlord Breach

Generation Bio Co. (GBIO) has released an update to notify the public and investors about a termination of a material definitive agreement.

Generation Bio Co. leased a manufacturing facility in Waltham, Massachusetts from Zinc II PropCo 2020, LLC, but on January 31, 2024, the company terminated the lease, citing the landlord’s breach of obligations. The landlord disputes the breach claims and termination rights, reserving all remedies under the lease and state law, while the company stands ready to defend its termination decision.

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For a comprehensive understanding of the announcement, you can read the full document here.