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flag IBRX stock rose on funding and earnings, but faces FDA warnings and a securities class action lawsuit.

flag Shares of ImmunityBio (IBRX) rose Tuesday after the company secured $75 million in non-dilutive financing and reported better-than-expected earnings. flag However, the stock faces scrutiny after the FDA warned the company about unsupported cancer-treatment claims. flag Investors have until May 26 to join a securities class action lawsuit alleging the company made false statements about its product.

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