Recent Security Class Actions

ImmunityBio Inc. Common Stock (NASDAQ: IBRX)

Company Name:ImmunityBio Inc. Common Stock
Stock Symbol:NASDAQ: IBRX
Class Period Start:03/10/2021
Class Period End (inclusive):05/10/2023
Filing Deadline:08/29/2023

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) ImmunityBio conducted insufficient due diligence to discover, or else did discover and ignored, GMP deficiencies at its third-party CMOs for Anktiva; (ii) one or more of the Company’s third-party CMOs for Anktiva did in fact suffer from GMP deficiencies; (iii) the foregoing deficiencies was likely to cause the FDA to reject the Anktiva BLA in its present form; (iv) accordingly, the Company overstated the regulatory approval prospects for the Anktiva BLA; and (v)as a result, the Company’s public statements were materially false and misleading at all relevant times.