litigation
confidence high
sentiment negative
materiality 0.90
NMS terminates license agreement with Cardiff Oncology; Cardiff disputes termination
Cardiff Oncology, Inc.
- NMS sent termination notice on May 27, 2026, citing alleged material breaches of the 2017 License Agreement.
- NMS claims Cardiff failed to correct inventorship to include Dr. Barbara Valsasina on two U.S. patents and failed to use commercially reasonable efforts for onvansertib.
- Cardiff filed a lawsuit on May 19, 2026, seeking injunctive relief and declaratory judgment that it did not breach the agreement.
- Cardiff responded that the termination notice is legally ineffective and will continue to perform under the agreement.
- Dispute centers on rights to onvansertib, a key pipeline asset; potential impact on development timeline.