Sorrento Therapeutics Inc (SRNE)

[dia76ca]

What if Covi-Guard(1499) is not only the BEST but also the FIRST Covid antibody therapy approved? From the article below.
"The global spread of coronavirus has meant an increased focus on pharmaceutical companies that are developing Covid-19 related products, Sorrento being one of them with its COVI-Guard antibody. The recent development of FDA nod for phase 1 trial is important for Sorrento, with its objective to expand the study to a large trial and potentially apply for emergency use authorization from the U.S. FDA. Now, the company in a press release stated that its application for EUA can be as early as December. The other companies developing the antibody are expected to file for regulatory nod only towards the end of Q4 or later next year. If Sorrento were to be the first company with its antibody in the market via EUA, it would result in a meaningful appreciation in the stock price from the current levels, in our view. That said, the investors willing to take such risk should also weigh in the possibility of the company not able to secure the EUA."
https://www.google.com/amp/s/www.forbes.com/sites/greatspeculations/2020/09/21/sorrento-therapeutics-stock-is-an-interesting-pick-at-9/amp/