Altimmune announced it will relocate its headquarters from Gaithersburg, Maryland, to Morristown, New Jersey, later this year to attract biopharma talent and improve cost efficiencies. The company said the new location places it in a region with a strong concentration of biopharmaceutical companies, which it expects will enhance its ability to recruit top-tier talent under its hybrid operating model. Altimmune signed a five-year office lease agreement for the Morristown headquarters and expects to pay approximately $300,000 in annual rent over the lease term.
Altimmune IncRelocating to a biopharma hub to attract talent and improve cost efficiencies, with a modest rent commitment.