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Psychemedics Optimizes Costs with Early Lease Termination
Company Announcements

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.

For detailed information about PMD stock, go to TipRanks’ Stock Analysis page.

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