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IBRX.US
id: 716, Created by Stan Vick Chase, Scout

Join ImmunityBio (IBRX) Case to Fight Your Losses

On May 11, 2023, ImmunityBio (IBRX) disclosed that it received a complete response letter from the FDA regarding its Biologics License Application (BLA) for its product candidate Anktiva (N-803) indicating that the FDA has determined that it cannot approve the BLA in its present form based on “deficiencies related to the FDA’s pre-license inspection of the Company’s third-party contract manufacturing organizations” and that “satisfactory resolution of the observations noted at the pre-license inspection is required before the BLA may be approved.”

On this news, $IBRX fell over 55% and lost around $1.5 billion of its market capitalization, seriously damaging investors.

Taking all facts and market reaction into account, Investors may have reasons to suspect ImmunityBio and its Leaders of misleading and failing to disclose correct information about the manufacturing conditions of its product candidate which led to investment losses to shareholders.
Alleged Offence
Misleading Statements
Failure to Disclose
Negligence
Omissions
Suspected Party
Directors
Management
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
11 May 2023
Collecting participants…
Created by Stan Vick Chase, Scout

Immunitybio Inc

ImmunityBio, Inc., a clinical-stage biotechnology company, engages in developing therapies and vaccines that complement, harness, and amplify the immune system to defeat cancers and infectious dise...

    Ticker
    IBRX.US
    ISIN
    US45256X1037
    CIK
    1326110
    Sector
    Healthcare
    Industry
    Biotechnology
    Country
    USA
    Address
    3530 John Hopkins Court, San Diego, CA, United States, 92121