Climb Bio Sues Alumis Over $3 Million Milestone Dispute

Reuters01-01

<a href="https://laohu8.com/S/CLYM">Climb Bio</a> Sues Alumis Over $3 Million Milestone Dispute

Climb Bio Inc., a Massachusetts-based biotechnology company, has filed a lawsuit seeking resolution of a dispute with Alumis Inc. and its subsidiary Acelyrin Inc. The litigation centers on a January 2024 Asset Purchase Agreement, under which Climb acquired assets related to the drug candidate budoprutug. Climb alleges that despite not receiving any royalty-bearing patents from Alumis or Acelyrin, it was invoiced for a $3 million milestone payment after dosing its first patient in a Phase 2 clinical trial. Climb maintains that its payment obligations are limited to products that would infringe patents included in the transferred assets or filed within nine months of the agreement’s closing, which it claims it did not receive. The company is seeking the court’s intervention to clarify its obligations and resolve the ongoing dispute.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Climb Bio Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-338318), on December 31, 2025, and is solely responsible for the information contained therein.

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