Aadi Bioscience Inc.

09/30/2024 | Press release | Distributed by Public on 09/30/2024 04:07

Material Event Form 8 K

Item 8.01

Other Information.

As previously reported, in June 2022, EOC Pharma (Hong Kong) Limited ("EOC") filed a Request for Arbitration with the International Chamber of Commerce's International Court of Arbitration against Aadi Bioscience, Inc. (the "Company"). In the Request for Arbitration, EOC claimed that the Company breached certain provisions of the license agreement between EOC and the Company, dated December 8, 2020 (the "EOC License Agreement"), including failing to provide certain manufacturing information to EOC. As a result, EOC sought monetary damages against the Company.

On September 26, 2024, the arbitration panel issued a Final Award which, among other things, found and concluded that the Company did not breach the EOC License Agreement and accordingly is not liable for any damages to EOC.