Why ImmunityBio Stock Is Trading Higher Thursday
Portfolio Pulse from Dylan Berman
ImmunityBio, Inc. (NASDAQ:IBRX) shares are trading higher after the company announced insurance coverage of its immunotherapy, ANKTIVA, across multiple states. ANKTIVA, which treats non-muscle invasive bladder cancer, received FDA approval recently and has started being administered to patients.
June 20, 2024 | 4:49 pm
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ImmunityBio's stock is up 8.11% following the announcement of insurance coverage for ANKTIVA, an FDA-approved immunotherapy for bladder cancer. The treatment's recent FDA approval and its administration to patients are key drivers.
The stock price increase is directly linked to the positive news about insurance coverage for ANKTIVA, which follows its recent FDA approval. This development is likely to boost investor confidence and drive short-term price gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100