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flag FDA warns biotech billionaire Soon-Shiong over misleading cancer drug claims.

flag The U.S. Food and Drug Administration issued a warning to biotech billionaire Dr. Patrick Soon-Shiong over misleading claims promoting his company's cancer drug, Anktiva. flag The agency cited a podcast where Soon-Shiong claimed the drug could treat, cure, or prevent various cancers, including radiation-induced ones, violating federal marketing rules. flag The FDA also criticized the drug's labeling as a "cancer vaccine" and the absence of risk disclosures, such as side effects. flag ImmunityBio was given 15 days to respond and correct the issues, resulting in a significant drop in company stock.

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