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Here’s the link. Any CPA here care to comment?
Looks like we are spending less and maybe taking in a little income but studies are going to take a long time. I think we need a strategic partner or buyout. Issuing more shares is inevitable. Anyway, looks like somebody like the report - it’s very thorough and well written
https://sec.report/Document/0001683168-21-000156/
2 articles yesterday helped increase volume in Tonix
https://pennystocks.com/featured/2021/01/13/penny-stocks-to-watch-biotech-stocks-focus-january-2021/
https://www.bloomberg.com/news/articles/2021-01-13/tonix-biolase-are-latest-hot-biotech-stocks-to-see-reddit-surge
Good news James. Also GXGX is up today - it’s merger with Cellularity happens soon
Sorrento owns 25% of Cellularity..new symbol will be CELU
Does anyone know the % of the new company SRNE will own?
I think within a year big pharma will be bidding to buy SRNE in the triple digits
They could use it for NFL playoffs and Super Bowl
Also March Madness and baseball is starting soon.
I was considering going to Florida for Mets spring training but everyone has to wear a mask and sit 6 feet apart - next year. I got my vaccine. I think by early February, numbers will go down and we can reopen but rapid testing and nasal drops with antibodies would help. Dr. Ji - you better move fast. Work 24 hours a day and just get them approved
Anyone know about Cellularity’s use of placental stem cells?
Are they a competitor or is this proof of concept?
Just watched this 18 minute conference call and reviewed the 54 slides
https://celularity.com/joint-investor-conference-call/
Sorrento owns 25% of Cellularity
This is why newer, better vaccines are needed.
Capricor, Merck and Tonix are working on vaccines that will last forever like smallpox vaccine.
Current vaccines may only protect for 6-12 months. Tonix bought 44 acres in Montana to build a vaccine facility - great buy for $1.00
Thanks dia, just listened to 18 min conf call and scanned they 54 slides
Wow - GX looked thru dozens of companies to merge with and chose Cellularity
Amazing opportunities. Sorrento owning 25% will benefit. Merger expected in Q2 - new ticker will be CELU
https://celularity.com/joint-investor-conference-call/
dia, I’d be curious about your thoughts on this especially the comments and slides about placental stem cells. TIA
Sorrento owns 25% of Cellularity which is merging with GXGX which was up 2% today which is close to $8 mill in market cap. SRNE made $2 million today doing nothing if my calculations are correct.
I reread the story and started listening to the conference call.
Cellularity uses placental stem cells
https://www.benzinga.com/pressreleases/21/01/n19074220/celularity-and-gx-acquisition-corp-announce-merger-agreement-to-create-a-publicly-listed-leader-in
Thanks dia. Is there a link to this trial?
I couldn’t find it on clinical trials.gov
If it started in August they should have gotten 40 patients by October so we should have results soon
When they mention Israel, I assume they are referencing the Pluristem trial.
Pluristem gets 20,000 doses from 1 placenta after live birth.
Do you know how the adipose stem cells differ?
How do they get them? Liposuction?
Thanks. There is a Tonix presentation also. Check the link on the Tonix web site - great buy under 1.00.
I wouldn’t say tanking. Good news is that we have $25 million in the bank. The investors must have seen a good reason to increase their investment.
Other good news is that it bottomed at 6.85. Some of us made money on the last few runs and are in the green on this one. I’ll be happy to buy more if it goes down to 7 again. If PSTI, ATHX, CAPR, SRNE or TNXP pop again soon, I will definitely take some profits and the 1st on my list is RDHL. I usually own 3,000-6,000 shares and now only have 1,000
There is a presentation at 9:15 am tomorrow and there is one that can be seen now. When you have 20 minutes, definitely worth watching. Fibromyalgia drug will be huge. Current vaccines may only work for 6 months. The vaccine Tonix is working on is a live attenuated virus similar to the smallpox vaccine which has eradicated smallpox.
https://www.tonixpharma.com/news-events/ir-events
Results on non human primates will be available soon.
2 gorillas were reported yesterday at the San Diego Zoo to test positive for Covid 19.
Very timely for Tonix as they can test their vaccine on gorillas
https://www.cbsnews.com/news/gorillas-san-diego-zoo-test-positive-covid-19/
One of these days we are going to break thru 1.00 and keep going
Quick drop from .99 to .87 followed by steady buying.back close to .93
Isn’t our CEO speaking tomorrow? Maybe he will have some news about what’s going on in Montana?
Maybe he plans to be a dental floss tycoon?
I think stem cells will be an excellent treatment for ARDS - it is the cytokines storm that kills people in so many cases. There are lots of anecdotal stories of amazing recoveries from ARDS using stem cells.
I’ve seen a few stories from Miami using umbilical stem cells. Pluristem can get 20,000 doses from 1 placenta
Here are 2 ongoing studies in US, Israel and Germany
https://clinicaltrials.gov/ct2/show/NCT04389450?term=Pluristem&draw=2&rank=2
https://clinicaltrials.gov/ct2/show/NCT04614025?term=Pluristem&draw=2&rank=1
Capricor uses Cardiac stem cells
https://clinicaltrials.gov/ct2/show/NCT04623671?term=Capricor&draw=2&rank=5
Dia, where do Sorrento’s stem cells come from? Bone marrow? Why can’t I find a study?
I’m in SRNE for other reasons and don’t know much about their MSCs. Please inform me. Thanks
Is there any news of a possible settlement?
I heard $1 billion to $5 billion
We hit 6.85. I tried to buy at 7.11 and 7.33 but I was too late. I got more PSTI with my CAPR profits.
Maybe I’ll buy a little RDHL - that’s the best way to get it to go down so I can buy more
Filling parts of my 1000 now at 7.61
I would like to get back in. My CAPR is popping today. I would like to take some profits and get back into RDHL
Maybe I’ll get back in around 7
Interesting. I love TNXP and think it will pop over 1.00 soon.
Clay, you should check out PSTI - interesting move today on big volume
I like RDHL but it was acting funny so I took the money and ran. I bought PSTI and CAPR with the proceeds.
I got really lucky buying PSTI at 7.10 just before the pop over 9. I’ll buy RDHL back around 6. Great long term but it should have popped more on recent news. When it didn’t, I just felt like something was fishy.
$3.00 coming sooner than we think
What does that give you for a target price?
Plus the CEO buying 35,000 shares and maybe knowing that he will speak at least twice next week at a conference where many investors look for undiscovered small companies
Don’t forget the deal with Mass General
I’ll ask again. Why do we go up after hours and pre-market?
Market is thinner so they can buy cheaper during regular hours.
Is it Asians or others who sleep during our regular hours?
Sorrento owns 25% of Cellularity. SRNE IS CHEAP!
Strange article on Sorrento - showed up on my Ameritrade news feed
Notice the 3rd paragraph which says “SRNE is expected to report earnings of $5.79 per share, which would represent year over year growth of 1512.2%. Meanwhile, our latest consensus estimate is calling for revenue of $2.02 billion, up 15404.99% from the prior year quarter.”
Zacks says the PE is 2.05 compared to an average PE in their industry of 23.45.
A PE of 23.45 would put us at 80.
Is this craziness just trying to get people to their web site or is there any basis in reality? I’m bullish but these numbers seem crazy - BTW, they rate the stock as a hold
https://www.zacks.com/stock/news/1242133/sorrento-therapeutics-srne-stock-sinks-as-market-gains-what-you-should-know
So we could easily double the day we win this case.
I would love to see a movie or TV show come out about this case.
Anyone see Goliath on Amazon Prime? Billy Bob Thornton is a small time lawyer fighting against Goliaths. 3 season are great. This small biotech vs the richest MD in the world would make a great 4th season. Just like the 1st 3 seasons, in this 4th season people die who get in the way of the rich guy trying to get richer.
The doctor kills a medicine that could save lives so he can make money from his inferior medicine.
Biden will be more pro Cannabis and Israel wants their companies to succeed
Hopefully we get good news and pop thru recent highs. Somebody knew something when we popped up last time.
Old article worth reading. This outlines some of the upside. The richest MD in the world bought a drug from Sorrento and then shut down further studies so his competing drug could prosper. Not only did this stop Sorrento from getting paid for incentives, it also led to the deaths of many patients who could have benefited. So far the judge has sided with Sorrento in not allowing the MD to have the case dismissed. Sorrento could get as much as $5 billion in damages. This would give Sorrento $18 per share. Dr. Patrick Soon-Shiong bought the LA Times and in one estimate last year he was worth $19.1. Hopefully he settles for $2-3 billion to save further embarrassment and possible legal charges.
https://seekingalpha.com/instablog/51307855-tradeinvestments2019/5419913-full-story-why-sorrento-therapeutics-offers-tremendous-upside-cbs-news-t-v-special-report-on
Hopefully Pluristem’s placental cells will have the same results. We get 20,000 doses from 1 placenta - can someone explain the difference between umbilical and placental stem cells? What company provides the umbilical stem cells.
Dr. Marban at Capricor came from Johns Hopkins to Cedars Sinai
I think CAPR is a good buy at current price with Covid study and Duchenne Muscular Dystrophy studies ongoing
https://www.cedars-sinai.org/newsroom/european-heart-journal-cell-infusions-benefit-heart-patients/
That’s ARKK, ARKG has 0.35% PSTI
And back up again - almost 4 million shares traded after hours
Watching Fast Money and Mad Money after hours - love seeing Tonix on the ticker
I trust Seth Lederman MD more than PARker1703.
Seth is a genius.
Follow the smart money!,
Thanks tiger squared. Seth owns more shares than me now
CEO bought $23,800 in shares - that would be 34,000 shares at 0.70 ( just guessing)
Does anyone have a link to the form?
Maybe some big news is coming soon. I’d love to see us over 1.00
Just popped up to .80. Any news?
Up 15% today. We are still in business and tax loss selling is over. Those sellers have to wait 30 days to buy back so I think the end of January should be strong. I’m sitting on 4 1/2 times as much at 0.33 average
Someone will eventually connect the dots. I think a double or triple is in our future
Thanks for the update. I was happy to get back the 10,000 shares I sold at 2.20.
I hope to sell them again at 2.20 but will hold 90,000 shares for higher prices.
Thanks dia and ganz
Just waking up after being up late last night and early this am.
Dia knows more than me about Sorrento - no time to research and answer questions
All of my stocks are down today. I wish I had sold a little RDHL after am news pop
https://enmobile.prnasia.com/releases/apac/redhill-biopharma-announces-positive-top-line-safety-and-efficacy-data-from-phase-2-covid-19-study-of-opaganib-304551.shtml
Anyway, my son is getting married today on Zoom so I gotta go get my tux on.
Have a great weekend and 2021 will be better!