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81,200 Square Foot Lease Extension In San Diego Through 2018 Signed By Vertex Pharmaceuticals And BioMed Realty
Date:7/16/2012

SAN DIEGO, July 16, 2012 /PRNewswire/ -- BioMed Realty Trust, Inc. (NYSE: BMR) announced today the signing of a lease extension with Vertex Pharmaceuticals Incorporated (Nasdaq: VRTX) for approximately 81,200 square feet at the company's Torreyana Road property located in the heart of the Torrey Pines submarket of San Diego, California. The lease now extends through December 31, 2018.

Ranked as the top place to work in the life science industry by Science magazine in 2011, Vertex has received two recent FDA approvals in their drug pipeline, first with INCIVEK™ in May of 2011, which was followed in January 2012 with the approval of KALYDECO™. Along with their drug pipeline for treatment of rheumatoid arthritis, epilepsy and influenza, Vertex has ongoing preclinical programs aimed at cancer, multiple sclerosis, pandemic influenza, Huntington's disease and tuberculosis.

Alan D. Gold, Chairman and Chief Executive Officer of BioMed Realty, remarked, "Vertex is one of the truly great biotechnology stories today, and we are very pleased to extend their lease at Torreyana Road for another 63 months. Our relationship has spanned seven years of breakthrough discoveries by the Vertex team, culminating with the FDA approvals of KALYDECO and INCIVEK within the past 18 months. We look forward to many more years of supporting their transformational drug research, development and commercialization efforts."

About BioMed Realty Trust
BioMed Realty Trust, Inc. is a real estate investment trust (REIT) focused on Providing Real Estate to the Life Science Industry®. The company's tenants primarily include biotechnology and pharmaceutical companies, scientific research institutions, government agencies and other entities involved in the life science industry. BioMed Realty ow
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SOURCE BioMed Realty Trust, Inc.
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