other material
confidence high
sentiment neutral
materiality 0.60
Cardiff Oncology and Nerviano settle litigation, amend onvansertib license
Cardiff Oncology, Inc.
- Settlement resolves Cardiff v. Nerviano (Case No. 3:26-cv-03131-RBM-JLB) with mutual releases; no money exchanged
- Amended license adds exclusivity framework, additional license fee on annual net sales, and development milestones
- Nerviano gets board observer plus Scientific Advisory Board seat; revised post-termination royalty tiers added
- Revised assignment provision: Cardiff owes NMS percentage of proceeds if change of control before Phase III data readout
- Amendment effective upon dismissal with prejudice; existing license otherwise remains in force