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Re: FitzyP33 post# 4756

Friday, 07/24/2020 1:12:30 PM

Friday, July 24, 2020 1:12:30 PM

Post# of 14970
Actually, my thought has to do with Sorrento's position in Celularity. I actually think they got the cash for loan payoffs and this by liquidating most or part of their 25% stake in them. I think this because the Sorrento website used to state their collaboration and Sorrento's 25% stake. Now it just says "License of product rights to Celularity in exchange for equity" I personally would see this as a smart move on Sorrento's part because it would set them up better for any further financing needs to push all of these new products to market.
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