ImmunityBio, Inc. (IBRX) saw its stock surge 23.73% during the intraday session on Tuesday, reflecting strong investor optimism.
The rally follows positive developments in the company's regulatory discussions with the FDA regarding Anktiva, its drug candidate for Bcg-unresponsive papillary bladder cancer. ImmunityBio provided updates on its Type B End-of-Phase meeting and potential resubmission pathways, which have bolstered confidence in the drug's approval prospects.
Analysts have maintained bullish ratings on the stock, with D. Boral Capital and Piper Sandler reiterating their Buy and Overweight positions, respectively, further supporting the positive sentiment.
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