Sorrento Therapeutics Inc (SRNE)

[microcapbiotech]

Sorrento blitzed reporters with embargoed pitches on COVID cure - Feuerstein

May 15, 2020 1:13 PM ET
About: Sorrento Therapeutics (SRNE)

STAT's Adam Feuerstein says he received his embargoed message from
Sorrento Therapeutics (SRNE +174.8%) on Tuesday but ignored the "dumb"
pitch.

Shares have rocketed after the company announced that it has
identified a single antibody therapy that can cure? COVID-19.

Many investors are now expecting a secondary stock offering
considering that it had only $21.9M in cash and equivalents at the end
of March while operations consumed ($38.6M) in Q1.