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Rosen Law Seeks Lead Plaintiff in ImmunityBio Securities Suit After FDA Ad Warning

The case centers on an FDA warning that ImmunityBio’s promotions for Anktiva overstated the drug’s benefits.

Overview

  • Rosen Law Firm says it filed a class action and is urging ImmunityBio investors to move for lead-plaintiff status by May 26, 2026.
  • The suit targets purchases made between January 19, 2026 and March 24, 2026, which the firm identifies as the class period.
  • The litigation follows an FDA letter finding a TV ad and a January podcast about Anktiva were false or misleading about efficacy and use.
  • Coverage of the FDA letter triggered a drop of more than 21% in ImmunityBio’s share price, wiping out nearly $2 billion in market value.
  • Allegations include claims that Executive Chairman Patrick Soon‑Shiong overstated Anktiva’s capabilities, and no class has been certified as firms solicit investors on a contingency basis.