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.

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