ImmunityBio, Inc. – 11-05-2025

If HHS begins to set most-favored-nation pricing targets for prescription drugs or increases generic and biosimilar drug entry sooner than expected, that can have a material adverse effect on our industry, ability to set adequate pricing for new drugs to recover R&D costs, ability to attract potential investors and potential buyers in the future, or the pricing of our approved product in the U.S. and in foreign countries.

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