Licensing Deal - GoKawiil

Character.ai files for Chapter 11 bankruptcy amid lawsuits and rising costs

AI companion app maker Character.ai filed for Chapter 11 bankruptcy protection in Delaware, saying the platform had become too expensive to develop while facing litigation and regulatory pressure. CEO Colin Adams said a court-supervised sale offers the best chance to maximize value for stakeholders, and Disney has agreed to act as a stalking horse bidder, offering $20 million to license some of the company's intellectual property.

cnbc.com · 2026-10-13

Novartis licenses Abogen drug in deal worth up to $7.8 billion

Novartis has agreed to license a drug from Chinese biotech Abogen in a deal valued at up to $7.8 billion. Abogen describes its lead drug as having the potential to transform treatment for patients with autoimmune diseases.

wsj.com · 2026-10-02