A Billionaire Saved A Nonprofit. Then Things Got Ugly [Forbes]
ImmunityBio, Inc. (IBRX)
Company Research
Source: Forbes
Patrick Soon-Shiong during a Urban Economic Forum co-hosted by White House Business Council. (Photo by Kevork Djansezian/Getty Images) In the early months of the pandemic, as medical researchers and companies raced to develop a safe and effective vaccine, the Infectious Disease Research Institute was fighting to keep its doors open. The Seattle-based organization had taken on too much debt and was forced into court-administered receivership in January 2020, after sustaining losses of $7 million the previous year and debts of over $20 million. Then, billionaire Patrick Soon-Shiong swooped in to the rescue. Through his family foundation, the Los Angeles-based drug inventor and entrepreneur agreed to give the institute $26 million over three years starting in 2022 and joined the nonprofit's board as its new chair. ImmunityBio, a clinical-stage biotech company controlled by Soon-Shiong, also agreed to pay the institute (which was renamed the Access for Advanced Health Institute, or
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IBRX
News
- ImmunityBio, Inc. (NASDAQ: IBRX) had its "buy" rating re-affirmed by analysts at D. Boral Capital. They now have a $30.00 price target on the stock.MarketBeat
- ImmunityBio Announces UK Medicines and Healthcare Products Regulatory Agency Accepted Marketing Authorization Application for ANKTIVA® for the Treatment of Patients with BCG-unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma In Situ [Yahoo! FinanceYahoo! Finance
- ImmunityBio Announces UK Medicines and Healthcare Products Regulatory Agency Accepted Marketing Authorization Application for ANKTIVA® for the Treatment of Patients with BCG-unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma In SituBusiness Wire
- ImmunityBio announces collaboration with Beigene [Seeking Alpha]Seeking Alpha
- ImmunityBio Announces Collaboration with BeiGene on Confirmatory Phase 3 Trial of ANKTIVA® and PD-1 Checkpoint Inhibitor Combination in Non-Small Cell Lung CancerBusiness Wire
IBRX
Earnings
- 11/12/24 - Beat
IBRX
Sec Filings
- 2/13/25 - Form 8-K
- 2/12/25 - Form 4
- 2/12/25 - Form 4
- IBRX's page on the SEC website