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Biotech / Medical : ImmunityBio converts from Immunomedics
IBRX 2.110-1.4%Nov 6 3:59 PM EST

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To: CCS648 who wrote (1005)5/6/2025 2:03:33 PM
From: Maturin2 Recommendations

Recommended By
bobbseytwins2001
CCS648

   of 1229
 
The press release reads to me like a CYA from management/PSS to the new investors who placed money at $3 per share, and were likely viewing the papillary disease application as a near term catalyst that would further de-risk their investment. Regardless, count me as another person lowering their cost basis by purchasing shares yesterday and today. I still believe the product has value and with a market cap of under $2bn I like the risk/reward here.
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