NEW
YORK, Aug. 29, 2023 /PRNewswire/ -- The Gross
Law Firm issues the following notice to shareholders of
ImmunityBio, Inc..
Shareholders who purchased shares of IBRX during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/immunitybio-loss-submission-form/?id=45072&from=4
CLASS PERIOD: May 23, 2022
to May 10, 2023
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially 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, Good Manufacturing Practice ("GMP")
deficiencies at its third-party contract manufacturing
organizations ("CMOs") for the antibody cytokine fusion protein
N-803, commercially referred to as "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 Biologics License Application
("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.
DEADLINE: August 29, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/immunitybio-loss-submission-form/?id=45072&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of IBRX during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is August 29, 2023. There is no cost
or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is a nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm