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SRNE

Sorrento Therapeutics

$1.70

-0.05 (-2.86%)

17:29
08/21/17
08/21
17:29
08/21/17
17:29

Sorrento closes transactions contemplated by contribution pact with Celularity

Sorrento Therapeutics announced that the transactions contemplated by the contribution agreement it entered with Celularity has closed. Sorrento previously announced that it together with its subsidiary, TNK Therapeutics had entered into a definitive agreement to offer certain immuno-oncology and cellular therapy intellectual property and assets to Celularity, a company being formed and run by former Celgene Cellular Therapeutics CEO, Robert Hariri, MD/PhD.Celularity, a newly formed biotechnology company, announced its acceleration of cell and tissue regenerative therapies to address unmet medical needs in cancer and chronic and degenerative disease. Celularity completed their Series A financing with contributions from several biopharma companies, including Sorrento Therapeutics, United Therapeutics Corporation and Human Longevity, Inc., and entrepreneurial investors.

  • 28

    Aug

SRNE Sorrento Therapeutics
$1.70

-0.05 (-2.86%)

10/03/16
ROTH
10/03/16
INITIATION
Target $15
ROTH
Buy
Sorrento Therapeutics initiated with a Buy at Roth Capital
Roth Capital analyst Joseph Pantginis started Sorrento Therapeutics with a Buy rating and $15 price target.
08/03/17
OPCO
08/03/17
INITIATION
Target $7
OPCO
Outperform
Sorrento Therapeutics initiated with an Outperform at Oppenheimer
Oppenheimer analyst Mark Breidenbach initiated Sorrento Therapeutics with an Outperform and a $7 price target saying its core antibody discovery platform is a source of non-dilutive capital, in the form of out-licensing agreements, and feeds directly into Sorrento's early stage I/O pipeline. As a hedge for its I/O pipeline, Sorrento and its subsidiaries are developing two non-opioid pain management assets that could provide important near-term catalysts and product sales revenues starting in 2018.

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Willis Lease

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DPS

Dr Pepper Snapple

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RCII

Rent-A-Center

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AR

Antero Resources

$18.74

-0.59 (-3.05%)

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T

AT&T

$37.21

0.06 (0.16%)

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Time Warner

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GRPN

Groupon

$5.57

0.46 (9.00%)

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CELG

Celgene

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0.93 (0.91%)

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VALU

Value Line

$19.60

0.3 (1.55%)

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VALU

Value Line

$19.60

0.3 (1.55%)

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ZEAL

Zealand Pharma

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GNMSF

Genmab

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Johnson & Johnson

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HII

Huntington Ingalls

$242.12

5.24 (2.21%)

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BAESY

BAE Systems

$33.30

0.18 (0.54%)

, GD

General Dynamics

$209.10

1.3 (0.63%)

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GD

General Dynamics

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SYRS

Syros Pharmaceuticals

$10.80

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WTFC

Wintrust Financial

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0.96 (1.11%)

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TWTR

Twitter

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ITEK

Inotek Pharmaceuticals

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OIS

Oil States

$32.80

0.35 (1.08%)

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AVGO

Broadcom

$266.39

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, QCOM

Qualcomm

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Qualcomm

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TRNC

tronc

$19.53

0.3 (1.56%)

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AP

Ampco-Pittsburgh

$14.20

0.15 (1.07%)

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  • 29

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CG

Carlyle Group

$24.35

-0.05 (-0.20%)

, UBSH

Union Bankshares

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CG

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UBSH

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  • 23

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ANDX

Andeavor Logistics

$52.52

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  • 16

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Options
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TRNC

tronc

$19.53

0.3 (1.56%)

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