The termination, effective June 11, stems from Launxp’s failure to settle its outstanding upfront balance and associated interest. While Apollomics has moved to reclaim its rights, the situation remains legally fraught. Following Launxp’s public contestation of the breach, the companies entered a formal dispute resolution process on June 18. This mechanism mandates a 30-day internal negotiation period before potential escalation to executive leadership.

Simultaneously, Apollomics faces separate financial scrutiny on the public markets. Nasdaq officials recently notified the company that it has fallen below the $35 million minimum market value threshold required for continued listing. The firm now has until December 15 to rectify this valuation deficit and restore compliance with exchange rules.