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Crl

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ImmunityBio's Stock Plummets After FDA Rejects Bladder Cancer Therapy
healthcare2 years ago

ImmunityBio's Stock Plummets After FDA Rejects Bladder Cancer Therapy

The FDA has rejected ImmunityBio's bladder cancer treatment, Anktiva, due to deficiencies with the company's third-party contract manufacturer. The FDA provided recommendations to resolve specific issues but did not request new preclinical or Phase III studies for safety or efficacy. ImmunityBio has requested a meeting with the regulator to address the Complete Response Letter (CRL) and timeline to resolve issues and "seek approval as expeditiously as possible." The company has a potential partner lined up for the commercialization of Anktiva despite the CRL.