Sorrento Therapeutics Inc (SRNE)

[dia76ca]

For those who like conspiracy theories.
1. Eli Lilly is having problems with its monoclonal antibody for COVID.
https://finance.yahoo.com/news/eli-lily-covid-19-antibody-014246420.html

2. Lilly Asia ventures owns a large proportion of ACEA Therapeutics.
"Lilly Asia Ventures, founded in 2008, is dedicated to venture capital investments in the life sciences and healthcare sectors in Asia, particularly in China. Its investors include Eli Lilly & Co., a Fortune 500 company and one of the most globalized and innovative pharmaceutical companies in the world. As a leading biomedical venture fund in China, Lilly Asia Ventures provides wise capital, industry expertise, and global resources to its portfolio companies to accelerate their growth.
www.lillyasiaventures.com »"

3. Eli Lilly knows about Sorrento's excellent antibodies for Covid and cancer. It will sell ACEA to Sorrento only to later turn around and buyout Sorrento!

Stranger things have happened. And I would at least put Eli Lilly on the list of Big Pharmas who would be interested in acquiring Sorrento!