StockNews.com Begins Coverage on Sorrento Therapeutics (NASDAQ:SRNE)
by Teresa Graham · The Cerbat GemStockNews.com initiated coverage on shares of Sorrento Therapeutics (NASDAQ:SRNE – Free Report) in a research note published on Saturday morning. The firm issued a hold rating on the biopharmaceutical company’s stock.
Sorrento Therapeutics Stock Performance
Shares of SRNE stock opened at $0.00 on Friday. Sorrento Therapeutics has a 1-year low of $0.00 and a 1-year high of $0.25. The firm’s 50-day simple moving average is $0.01 and its 200-day simple moving average is $0.01.
Sorrento Therapeutics Company Profile
Sorrento Therapeutics, Inc, a clinical and commercial stage biopharmaceutical company, develops a portfolio of next-generation treatments for three therapeutic areas: cancer, infectious disease,and pain. It operates through two segments, Sorrento Therapeutics and Scilex. The company provides cancer therapeutic by leveraging its proprietary G-MAB antibody library and targeted delivery modalities, which include chimeric antigen receptor T-cell therapy (CAR-T), dimeric antigen receptor T-cell therapy, and antibody drug conjugate, as well as bispecific antibody approach; and Sofusa, a drug delivery technology that deliver biologic directly into the lymphatic system.
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