Press release
Lawsuit Alert: Investors who lost money with shares of ImmunityBio, Inc. (NASDAQ: IBRX) should contact the Shareholders Foundation
A lawsuit was filed on behalf of investors in ImmunityBio, Inc. (NASDAQ: IBRX) shares over alleged securities laws violations.
Investors who purchased shares of ImmunityBio, Inc. (NASDAQ: IBRX) have certain options and for certain investors are short and strict deadlines running. Deadline: May 26, 2026. NASDAQ: IBRX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
San Diego, CA based ImmunityBio, Inc., a biotechnology company, focuses on innovating, developing, and commercializing next-generation immunotherapies designed to activate the patient's immune system and deliver durable protection against cancer and infectious diseases. ImmunityBio, Inc. (NASDAQ: IBRX) reported that its annual Total Revenue rose from $14.75 million in 2024 to over $113.28 million in 2025 and that its Net Loss declined from $303.35 million in 2024 to $282.76 million in 2025.
On March 24, 2026, Bloomberg reported that ImmunityBio had receive a Warning Letter from the U.S. Food and Drug Administration ("FDA") stating that the Company's Executive Chairman and Global Chief Scientific and Medical Officer, Patrick Soon-Shiong, made inaccurate claims on a podcast regarding the Company's lead biologic product, Anktiva, including that the drug "can cure and even prevent all cancer." The FDA thus "determined that the TV ad and podcast are false or misleading" and "make the distribution of the drug in violation of the Federal Food, Drug, and Cosmetic Act."
Shares of ImmunityBio, Inc. (NASDAQ: IBRX) declined from $12.43 per share on February 25, 2026, to as low as $6.54 per share on March 24, 2026.
According to the complaint the plaintiff alleges on behalf of purchasers of ImmunityBio, Inc. (NASDAQ: IBRX) common shares between January 19, 2026 and March 24, 2026, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between January 19, 2026 and March 24, 2026, the defendants made false and/or misleading statements and/or failed to disclose that: (1) defendant Patrick Soon-Shiong materially overstated Anktiva's capabilities; and (2) as a result, defendants' statements about ImmunityBio's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
Those who purchased shares of ImmunityBio, Inc. (NASDAQ: IBRX) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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