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Market Highlights
- Overall vacancy increased to 28.0%, up 1,120 basis points year over year, driven primarily by a rise in available direct space. However, sublease vacancy declined modestly to 3.2%, down 70 bps.
- Integra LifeSciences announced job cuts affecting 65 employees at its Princeton location, just one month after recalling its wound and burn devices due to safety concerns.
- QuantX raised $85.0 million dollars in Series B funding, the largest amount raised this quarter, to develop new oral medicines for immune system conditions and inflammation.