Sorrento Therapeutics Inc (SRNE)

[dia76ca]

I like M's lively craps table analogy ...except instead of one binary event...Sorrento has over 65!
"Biotech investing is a tough dirty business (HF shorts), where huge fortunes ultimately hinge on binary events. We call it investing but mostly feels like a Vegas craps table. You learn to expect the unexpected but when it pays off it’s PURE MAGIC !!

If you’re Long, in the next (3) months, we’re guaranteed (3) events with the potential to produce PURE MAGIC:

1. STI-5656 (Abivertinib) cytokine storm P2 Topline Data (next week ?)
2. Covi MSC P2 topline (my guess Oct)
3. SP-102 P3 topline (my guess Nov)

Then we’ve got multiple Wild Cards:

4. more EUA COVI-STIX – Who knows?
5. China Abivertinib / NSCLC approval – any time
6. STI-2020 AMG and STI-2099 DROPS P2 topline – my guess Dec/Jan
7. Enbrel + RTX readouts – likely end DEC
8. Global distribution agreements with Big Pharma for some of these indications"

We can all only guess at the timing...but we can all look forward to the PURE MAGIC!