ImmunityBio Reports Revenue Surge Amid Financial Challenges
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ImmunityBio Inc (IBRX) reported a significant revenue increase in its Q3 earnings, with total revenue reaching $75 million for the nine months ending September 30, 2025, up from $7.2 million in the same period of 2024. This growth is attributed to the commercial distribution of its FDA-approved product, ANKTIV A, for non-muscle invasive bladder cancer. However, the company faces financial challenges, reporting a net loss of $289.5 million and high operating expenses of $147.1 million in R&D. Management remains optimistic about future growth and is exploring additional financing options.
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