---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-000197"
form_type: "8-K"
ticker: "ALMS"
cik: "0001847367"
company_name: "ALUMIS INC."
filed_at: "2026-01-02T23:59:59+00:00"
generated_at: "2026-05-16T11:49:46.326829+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Alumis sends material breach notice to Climb Bio over $3M milestone; Climb Bio files declaratory judgment action

## Summary
- Climb Bio failed to pay $3,000,000 Development Milestone due Jan 1, 2026 under the Asset Purchase Agreement.
- Climb Bio filed a declaratory judgment action in Delaware Superior Court on Dec 31, 2025 claiming budoprutug is not a 'Product' under the APA.
- Alumis intends to seek the $3M milestone payment, interest, indemnification for attorneys' fees and costs.
- Total milestone payments under APA could reach $157.5M plus royalties and sublicense income per Climb Bio's SEC filings.
- Alumis believes Climb Bio's position is contrary to the plain terms and intent of the APA and prior statements.

## SEC filing metadata
- accession: 0001104659-26-000197
- form_type: 8-K
- ticker: ALMS
- cik: 0001847367
- company_name: ALUMIS INC.
- filed_at: 2026-01-02T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847367/000110465926000197/0001104659-26-000197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847367/000110465926000197/tm2534587d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-000197
- JSON: https://secwatch.observer/filing/0001104659-26-000197.json
- Plain text: https://secwatch.observer/filing/0001104659-26-000197.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.