Sorrento Therapeutics (NASDAQ:SRNE) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Sorrento Therapeutics (NASDAQ:SRNE) in a research note published on Thursday. The firm issued a hold rating on the biopharmaceutical company’s stock.

Sorrento Therapeutics Stock Up 16.7 %

Shares of Sorrento Therapeutics stock opened at $0.01 on Thursday. The business’s fifty day simple moving average is $0.01 and its 200-day simple moving average is $0.04. Sorrento Therapeutics has a 52 week low of $0.00 and a 52 week high of $0.42.

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.