FDA warns manufacturer that billionaire's claims about cancer drug Anktiva are misleading [CBS News]
ImmunityBio, Inc. (IBRX)
Company Research
Source: CBS News
Patrick Soon-Shiong, who recently told podcast listeners his company's bladder cancer drug may be able to treat, cure or even prevent other types of cancers. The warning letter from the Food and Drug Administration takes issue with a TV advertisement and a separate podcast episode promoting Anktiva, the lead product of ImmunityBio Inc. The drugmaker is one of several biotech firms acquired by Soon-Shiong, who also owns the Los Angeles Times. The "FDA has determined that the TV ad and podcast are false or misleading," the letter says . ... "Furthermore, the TV ad and podcast provide evidence that Anktiva is intended for new uses for which it lacks approval, and for which its labeling does not provide adequate directions for use." Company shares fell more than 21% in Tuesday trading to close at $7.42 after the FDA letter was posted online. Anktiva was approved by the FDA in 2024 for patients with a hard-to-treat form of bladder cancer. ImmunityBio has been working to win FDA app
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IBRX
News
- ROSEN, THE FIRST FILING FIRM, Encourages ImmunityBio, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action First Filed by the Firm - IBRXGlobeNewswire
- Investor Notice: Robbins LLP Informs Investors of the ImmunityBio, Inc. Class Action LawsuitBusiness Wire
- IBRX INVESTOR ALERT: ImmunityBio, Inc. Investors with Substantial Losses Have Opportunity to Lead the ImmunityBio Class Action Lawsuit – RGRD LawGlobeNewswire
- EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit on Behalf of ImmunityBio, Inc. Investors – IBRXBusiness Wire
- INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ImmunityBio, Inc. - IBRXPR Newswire
IBRX
Earnings
- 5/12/25 - Miss
IBRX
Sec Filings
- 2/26/26 - Form 4
- 2/25/26 - Form SCHEDULE
- 2/24/26 - Form 4
- IBRX's page on the SEC website