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SRNE

Sorrento Therapeutics

$2.03 /

-0.015 (-0.74%)

09:36
03/24/20
03/24
09:36
03/24/20
09:36

Sorrento reports license agreement with Mabpharm for possible COVID-19 treatment

Sorrento Therapeutics announced it has entered into an exclusive license agreement with China-based antibody biopharmaceutical company, Mabpharm Limited for the clinical development and commercialization of the ACE-MAB fusion protein for the potential treatment of COVID-19, the disease caused by the SARS-CoV-2 virus. Mabpharm has generated a fusion protein, CMAB020, that binds to the spike protein of the SARS-CoV-2 virus, the company reported. Under the exclusive license agreement, Sorrento will focus on the development and commercialization of ACE-MAB in the North American and European markets, while Mabpharm retains rights in the rest of the world, including the China and Japan markets. Dr. Henry Ji, Chairman and CEO of Sorrento Therapeutics. "Since the breakout of COVID-19, Sorrento has built a broad product candidate pipeline for the potential vaccination and treatment of COVID-19. We are looking forward to further evaluating the safety and efficacy in IND-enabling preclinical studies and clinical trials and making these potentially Life-Saving medicines available to the vast population affected by the COVID-19 pandemic."

SRNE Sorrento Therapeutics
$2.03 /

-0.015 (-0.74%)

10/07/19 JMP Securities
Sorrento Therapeutics initiated with an Outperform at JMP Securities
07/23/19 H.C. Wainwright
Sorrento Therapeutics price target lowered to $30 from $40 at H.C. Wainwright

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Conference/Events
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  • 02
    Apr
Recommendations
Expedia price target lowered to $79 from $100 at RBC Capital » 09:08
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Recommendations
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Recommendations
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$17.37 /

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Recommendations
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SunTrust analyst Andrew…

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Gevo, Inc. announced that…

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Conference/Events
Foot Locker participates in a conference call with Wedbush » 09:04
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Foot Locker

$22.42 /

+0.15 (+0.67%)

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