

Freedom
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$IBRX The stock dropped 21%. The website is already corrected. The podcast is down. I checked every source cited across all three FDA communications myself. Already Corrected: The Website (Flagged Sept 2025 + Jan 2026) The FDA's two prior letters targeted the anktiva.com website for promoting 84% cystectomy avoidance at 36 months and 99% disease-specific survival from the QUILT-3.032 trial. The FDA's position: this is a single-arm study with no comparator arm, making these time-to-event endpoints uninterpretable. The numbers are real. Promoting them as proven drug efficacy without a control group is not. Both pages have been corrected. The 84% and 99% claims are gone. The HCP page now shows the approved endpoint: 62% complete response with 53+ month duration of response. The consumer page shows 71% complete response. Both include full risk disclosures and the intravesical-only administration warning. Already Removed: The Podcast (Flagged March 2026) "Is the FDA BLOCKING Life Saving Cancer Treatments?" has been taken down. The immunitybio.com page returns a 404. Still Unknown Whether the DTC TV advertisement (reference US-ANK-250065-v1) is still running on broadcast. Corrective Plan Due April 3 ImmunityBio has approximately until April 3 to submit its formal corrective plan. Three issues flagged across three communications over seven months. All three are being addressed. The science, the 34 international approvals, the NCCN Category 2A listing, and the pending FDA submissions remain exactly where they were before the letter.
















Two days ago I published S15: The Trap. Episode 7 listed seven catalysts loaded against $IBRX short sellers. The first one just fired. The FDA Said No. The NCCN Just Said Yes. NCCN updated Bladder Cancer Guidelines to Version 1.2026. ANKTIVA + BCG is now listed as "Other recommended" for BCG-unresponsive papillary-only NMIBC - the exact indication the FDA issued a refuse-to-file on. What this means: The NCCN is the gold standard for oncology treatment decisions in America. NCCN listings are the standard most major insurers and Medicare use for reimbursement decisions. Physicians can now prescribe ANKTIVA for papillary disease with NCCN guideline backing - regardless of what the FDA does with the sBLA. PSS gave a UroToday lecture titled "Papillary NMIBC Treatment Guidelines Gap." He called out that pembrolizumab and nadofaragene were listed for papillary with weaker data while ANKTIVA was excluded. That gap just closed. The FDA issued a refuse-to-file on the papillary submission. The NCCN reviewed the data and listed it. ImmunityBio resubmitted the sBLA to FDA on March 9. The NCCN just gave them cover. One down. Six loaded. 132 million shares short. The dominoes are falling. The trap is tightening.



$IBRX S15: The Trap | E8: The Question You are short 132 million shares of a company where: The founder controls 66.3% and hasn't sold a single share - not at $5, not at $8, not at $12.43. The true tradeable float is roughly 160 million shares - barely more than your entire short position. Revenue grew 700% year over year. Thirty-three countries approved the drug. The National Cancer Institute independently validated the next platform. A hazard ratio of 0.4 was just presented at Europe's largest urology conference. Five binary catalysts are loaded in the next nine months. A convertible note can compress the float further at any time. Tesla shorts said the same thing you're saying now: the fundamentals don't justify the price. They lost $40 billion. The stock is $8.39 at the moment of writing. The trap is set.



$IBRX #Anktiva