RELATED PARTIES

12 Months Ended

Dec. 31, 2022

RELATED PARTIES

RELATED PARTIES

14. RELATED PARTIES

In December 2018, the Company entered into an agreement (the “LaunchLabs Agreement”) with ARE-LaunchLabs NYC LLC (“Alexandria LaunchLabs”), a subsidiary of Alexandria Real Estate Equities, Inc. for use of specified premises within the Alexandria LaunchLabs space on a month-to-month basis. A member of the Company’s board of directors is the founder and executive chairman of Alexandria Real Estate Equities, Inc. During the years ended December 31, 2022 and 2021, the Company made payments to Alexandria LaunchLabs of approximately $0.1 million and $0.1 million, respectively under the LaunchLabs Agreement, which was recognized in research and development expenses. As of December 31, 2022, there were no amounts due to Alexandria LaunchLabs under the LaunchLabs Agreement.