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0 -0.00146077673993957 -0.00273895638738673 -0.00273895638738673 -0.00273895638738673 -0.00695273544490485 -0.00695273544490485 7.02296509587206E-05
Stock impact report

ImmunityBio (IBRX) Faces FDA Warning, BTIG Stays Positive [Yahoo! Finance]

ImmunityBio, Inc. (IBRX) 
Company Research Source: Yahoo! Finance
on ImmunityBio, Inc. (NASDAQ:IBRX) with a price target of $13 after a recent regulatory action by the Food and Drug Administration (FDA). The FDA's Office of Prescription Drug Promotion sent a warning letter about promotional communications for ImmunityBio, Inc.'s (NASDAQ:IBRX) ANKTIVA. The agency believes promotional messages were false or misleading and lacked adequate risk presentation. The company has 15 days to respond and explain what steps it will take. ImmunityBio (IBRX) Faces FDA Warning, BTIG Stays Positive BTIG sees this as mainly a compliance and promotion matter that can likely be resolved. Based on the precedent set by the Office of Prescription Drug Promotion, the research firm does not expect legal action or product withdrawal. BTIIG also pointed out that the recent drop in the stock price presents a potential buying opportunity ahead of BCG-naïve bladder cancer data expected in the second half of 2026. Earlier, on March 4, Piper Sandler increased its price tar Show less Read more
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