Sorrento Therapeutics Inc (SRNE) gains 8.40% for July 21

Equities Staff  |

Sorrento Therapeutics Inc (NASDAQ: SRNE) shares gained 8.40%, or $0.7 per share, to close Wednesday at $9.03. After opening the day at $8.40, shares of Sorrento fluctuated between $9.17 and $8.33. 9,281,914 shares traded hands an increase from their 30 day average of 8,678,297. Wednesday's activity brought Sorrento’s market cap to $2,687,146,109.

Sorrento is headquartered in San Diego, California..

About Sorrento Therapeutics Inc

Sorrento is a clinical stage, antibody-centric, biopharmaceutical company developing new therapies to turn malignant cancers into manageable and possibly curable diseases. Sorrento's multimodal, multipronged approach to fighting cancer is made possible by its extensive immuno-oncology platforms, including key assets such as fully human antibodies ('G-MAB™library'), clinical stage immuno-cellular therapies ('CAR-T', 'DAR-T'), antibody-drug conjugates ('ADCs'), and clinical stage oncolytic virus ('Seprehvir®'). Sorrento is also developing potential coronavirus antiviral therapies and vaccines, including COVIDTRAP™, ACE-MAB™, COVI-MAB™, COVI-GUARD™, COVI-SHIELD™and COVI-CELL™. Sorrento's commitment to life-enhancing therapies for patients is also demonstrated by its effort to advance a first-in-class (TRPV1 agonist) non-opioid pain management small molecule, resiniferatoxin ('RTX'), and ZTlido® (lidocaine topical system) 1.8% for the treatment of post-herpetic neuralgia. RTX is completing a phase IB trial for intractable pain associated with cancer and a phase 1B trial in osteoarthritis patients. ZTlido® was approved by the FDA on February 28, 2018.

Visit Sorrento Therapeutics Inc’s profile for more information.

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To get more information on Sorrento Therapeutics Inc and to follow the company’s latest updates, you can visit the company’s profile page here: Sorrento Therapeutics Inc’s Profile. For more news on the financial markets be sure to visit Equities News. Also, don’t forget to sign-up for the Daily Fix to receive the best stories to your inbox 5 days a week.

Sources: Chart is provided by TradingView based on 15-minute-delayed prices. All other data is provided by IEX Cloud as of 8:05 pm ET on the day of publication.

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