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. (IBRX): Fast-Growing Penny Stock To Consider [Yahoo! Finance]Yahoo! Finance
- ImmunityBio Presents Positive Long-Term Overall Survival Data in Non-Small Cell Lung Cancer Patients and Announces Registrational Intent Phase 3 Trials with ANKTIVA® and Checkpoint Immunotherapy at World Conference on Lung Cancer Business Wire
- ImmunityBio, Inc. (NASDAQ: IBRX) had its price target lowered by analysts at Piper Sandler from $6.00 to $4.75. They now have a "neutral" rating on the stock.MarketBeat
- ImmunityBio's Anktiva: Promising, But Organizational Complexity Keeps Me Cautious [Seeking Alpha]Seeking Alpha
- ImmunityBio: Anktiva's Launch Progresses - Bladder Cancer Drug May Be 'Real Deal' [Seeking Alpha]Seeking Alpha
IBRX
Earnings
- 5/9/24 - Miss
IBRX
Sec Filings
- 8/12/24 - Form 10-Q
- 7/18/24 - Form 8-K
- IBRX's page on the SEC website