Kenneth Rice, Jr, CFO of Alseres, said: “With the lease for the Hopkinton and Woburn offices expiring concurrently, we decided to consolidate our offices under one roof. The new offices will be located at 239 South Street Hopkinton, Massachusetts. This facility will provide Alseres with increased flexibility and expansion potential if needed.
“The new facility provides very attractive economics relative to the market, a three-year renewable lease, and is expected to continue to reduce on-going overhead expenses for facility operation which we believe will allow a greater share of financial resources to be devoted to program and business development.”