ImmunityBio has announced the FDA’s approval of ANKTIVA for treating non-muscle invasive bladder cancer (NMIBC) patients with carcinoma in situ (CIS) who have not responded to BCG therapy. This approval marks the company’s transition to a commercial biotech with the potential to generate revenue. Additionally, it unlocks expansion opportunities for ANKTIVA in treating acute myeloid leukemia (AML) and platinum-resistant ovarian cancer (PROC). Despite the risks associated with competition and the need for further clinical trials, the FDA approval and potential expansions present promising investment opportunities.