ImmunityBio (IBRX) announced the signing of a strategic memorandum of understanding with the Ministry of Investment of Saudi Arabia, King Faisal Specialist Hospital & Research Center and King Abdullah International Medical Research Center. This multi-party collaboration will introduce the FDA-approved Cancer BioShield platform to Saudi Arabia and the broader Middle East, paving the way for a new era of immune-restorative therapies for cancer patients. The announcement was made during the Saudi-U.S. Investment Forum 2025 in Riyadh, held alongside the state visit of U.S. President Donald Trump. The forum convened senior government officials, Fortune 500 executives, and global innovators to strengthen strategic ties and accelerate investments in sectors such as biotechnology, healthcare, clean energy, and AI.
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