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We are not currently a party to any legal proceedings that, in the opinion of our management, are likely to have a material adverse effect on our business.
+Added: We are aware of complaints that have been filed regarding the Merger, but we have not been served with any of such complaints.
+Added: If we are served with any such complaints, we will assess at that time any contingencies for which we may need to reserve.
Regardless of outcome, litigation can have an adverse impact on us because of defense and settlement costs, diversion of management resources and other factors.
−Removed: Fox Chase Litigation
−Removed: On July 21, 2020, we filed a declaratory judgment lawsuit in the Superior Court for San Diego County, California, naming Fox Chase Cancer Center Foundation and Institute for Cancer Research as the defendants (“Fox Chase”).
−Removed: This litigation relates to an exclusive license agreement by which Fox Chase granted us various intellectual property rights (including patent rights) for certain modified NK‑92 cell technologies dating back to 2004 (“2004 License”).
−Removed: We requested the Court to grant declarations that we have not breached any material obligation under the 2004 License and that Fox Chase has not and cannot terminate the 2004 License.
−Removed: Fox Chase has answered the Complaint, lodged a Cross-Complaint raising a patent inventorship challenge, and moved the case to federal court (See Part II, Item 1A, “ Risk Factors ” of this Quarterly Report for a more detailed discussion).
−Removed: While the litigation is in the early stage, its outcome cannot be predicted.
−Removed: We do not consider the Fox Chase license agreement to be material to our business.
+Added: See Note 8 , Commitments and Contingencies—Contingencies , of the “Notes to Unaudited Condensed Combined Consolidated Financial Statements” included in Part I, Item 1.
+Added: of this Quarterly Report for a discussion of legal matters.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.