On October 2, 2009, Altus Pharmaceuticals Inc (Altus) entered into an Asset Purchase Agreement with Boaopharma, Inc. (Boaopharma). Under the terms of the agreement, Altus sold virtually all of its laboratory equipment located at its facility at 610 Lincoln Street, Waltham, MA to Boaopharma for aggregate cash consideration of $355,390, with the proviso that if substantially all of the equipment was removed from the facility by October 9, 2009, the purchase price would be reduced to $305,390.