Sorrento Therapeutics Inc (SRNE)

[I-Glow]

Suspension for the false claims by the CEO.

"Sorrento Therapeutics will announce their discovery of the STI-1499 antibody, which the San Diego company said can provide "100% inhibition" of COVID-19, adding that a treatment could be available months before a vaccine hits the market."

"We want to emphasize there is a cure. There is a solution that works 100 percent," Dr. Henry Ji, founder, and CEO of Sorrento Therapeutics, told Fox News. "If we have the neutralizing antibody in your body, you don't need the social distancing. You can open up a society without fear."

"The company claims that its antibody can "flush" the virus out of a person's system within four days."

These are false and misleading statements - these statements are so egregious that the SEC could have easily have suspended SRNE over these comments.

IG