CRDF Cardiff Oncology, Inc.
Price Chart
Executive Summary
Cardiff Oncology disclosed that its licensor, Nerviano Medical Sciences (NMS), has terminated the key license agreement for onvansertib, alleging material breach. Cardiff disputes the termination and has an active lawsuit against NMS. This threatens the company's core asset and pipeline.
Actionable Insight
This is an existential threat to Cardiff's business model. Monitor court filings for preliminary injunction rulings and any settlement discussions. A prolonged legal battle with uncertain IP ownership will likely pressure the stock significantly.
Key Facts
- On May 27, 2026, NMS notified Cardiff it was terminating the License Agreement dated March 13, 2017, alleging material breach.
- NMS claims Cardiff failed to name an NMS employee as joint inventor on two patents and failed to use commercially reasonable efforts to develop onvansertib.
- Cardiff filed a lawsuit on May 19, 2026, seeking injunctive relief and a 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.
- Onvansertib is Cardiff's only clinical-stage asset; loss of the license would be existential.
Financial Impact
Loss of license for onvansertib, the company's sole pipeline drug, could render the company worthless. No financial terms of the license were disclosed.
Risk Factors
- Loss of the license for onvansertib would eliminate the company's only clinical asset.
- Adverse court ruling could force Cardiff to cease development or pay substantial damages.
- Potential for further litigation costs and management distraction.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-248711 |
| Document: 0001193125-26-248711-index-headers.html | 0001193125-26-248711 |
| Document: 0001193125-26-248711-index.html | 0001193125-26-248711 |
| Document: 0001193125-26-248711.txt | 0001193125-26-248711 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 3, 2026
2d ago
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8-K
| $1.40 $1.55 | ▲ +10.71% | ▲ +10.32% | $1.50 (+7.14%) |
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Jun 2, 2026
3d ago
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Press Release
| $1.51 $1.40 | ▼ −7.28% | ▼ −6.59% | $1.50 (−0.66%) |
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May 29, 2026
7d ago
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8-K
| — | awaiting T+1 | — | — |
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May 21, 2026
15d ago
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Press Release
| — | awaiting T+1 | — | — |
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May 19, 2026
17d ago
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8-K
| — | awaiting T+1 | — | — |
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May 14, 2026
22d ago
|
8-K
| — | awaiting T+1 | — | — |
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Apr 17, 2026
7w ago
|
Press Release
| $1.78 $1.65 | ▼ −7.30% | ▼ −6.65% | $1.50 (−15.73%) |
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Mar 19, 2026
11w ago
|
Press Release
| $1.82 $1.80 | ▼ −1.10% | ▲ +0.64% | $1.50 (−17.58%) |
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Feb 25, 2026
14w ago
|
8-K
| $1.91 $1.96 | ▲ +2.62% | ▲ +3.16% | $1.50 (−21.47%) |
|
Feb 24, 2026
14w ago
|
8-K
| $1.91 $1.96 | ▲ +2.62% | ▲ +3.16% | $1.50 (−21.47%) |
US Market Status
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