Jury finds Lilly breaches implied covenant in rezpegaldesleukin license, awards Nektar USD 90 million plus interest

Bitget2026/09/25 11:01

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

A U.S. jury found Lilly breached the implied covenant of good faith in a rezpegaldesleukin license agreement with Nektar Therapeutics.
The verdict followed a jury trial that began Sept. 8, 2026 in federal court in Northern California.
Damages were set at USD 90 million, with interest to be determined by the court.
Post-trial motions remain pending. Any final judgment could face appeal.

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. Nektar Therapeutics 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: 0001213900-26-103215), on September 25, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

OpenAI CEO Altman stated that the IPO may only be considered after the company gains a clearer understanding of how to safely manage the "next-level AI." The delay in launching GPT-6.1 Astra is because the model did not meet some of the company’s evaluation criteria for safety; this decision was made "out of an abundance of caution" rather than due to any major incident. He also noted that Nvidia’s safety systems for AI are not a "complete solution;" AI is more of a scientific problem than an engineering one.

华尔街见闻•2026/09/29 20:11

Talen names Terry Nutt CEO effective Jan. 1, 2027; Mac McFarland retires at year-end

Bitget•2026/09/29 20:05

Pomdoctor six-month net loss widens to RMB 238.17 million; net revenues rise 6% to RMB 185 million

Bitget•2026/09/29 20:04

Fed's Barr Renews Rate Increase Calls; New York Fed Chief Says Next Hike Can Wait

MT newswire•2026/09/29 20:01