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Biotech / Medical : ImmunityBio converts from Immunomedics
IBRX 2.400+1.7%Oct 31 9:30 AM EST

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From: jargonweary7/6/2025 12:07:12 PM
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This is good news primarily because it isn’t bad news. By that I mean that approval by GB and Europe surely was expected to happen based on FDA approval and the fact that such approval, I assume, typically foreshadows approval in other markets. Further delay or non-approval would have been very bad for the share price but it is possible that approval has been expected and already factored in to the current share price. I hope that is not true and that we get a nice upward surge in the share price but it is hard to believe that GB and European rejection of Anktiva was what the market expected. In any case it is very good to get this box checked.
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