FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Sorrento Therapeutics Reports Positive Results from COVI-MSC Study
Sorrento Therapeutics (NASDAQ: SRNE) rose 28% by midday after the company announced positive preliminary results of its Phase 1b Study of COVI-MSC™ for Treatment of ICU COVID-19 Patients.
The first three patients enrolled tolerated treatment well and improved rapidly while no infusion-related adverse events noted for any patient treated to date and additional enrollment continues.
Sorrento is a clinical stage, antibody-centric, biopharmaceutical company developing new therapies to treat cancers and COVID-19. 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 antiviral therapies and vaccines against coronaviruses, including COVI-GUARD™, COVI-AMG™, COVI-SHIELD™, Gene-MAb™, COVI-MSC™ and COVI-DROPS™; and diagnostic test solutions, including COVI-TRACK™, COVI-STIX™ and COVI-TRACE™.
For more information, please visit: Sorrento Therapeutics, Inc.
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