ImmunityBio shares are trading higher after the company announced $470 million in equity and debt financing from founder Dr. Patrick Soon-Shiong and Nant entities.
Portfolio Pulse from Benzinga Newsdesk
ImmunityBio has secured $470 million in equity and debt financing from its founder, Dr. Patrick Soon-Shiong, and Nant entities. This has led to a rise in the company's share price.
September 11, 2023 | 12:24 pm
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ImmunityBio's stock price is trading higher after the company announced $470 million in equity and debt financing from its founder and Nant entities.
The announcement of significant financing typically leads to increased investor confidence, which can drive up the stock price. In this case, the financing comes from the company's founder and Nant entities, which further boosts confidence as it shows strong internal support for the company's future.
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