Sorrento Therapeutics Inc (SRNE)

[dia76ca]

Those who are experienced Biotech investors know that gaining marketing approval for a new drug can often take 5 years or more! Dr Ji took the bold step of producing a Covid portfolio of 16 tests or drugs that could qualify for an EUA.

The first EUA has already been granted in Mexico. Permission has been granted for 25 million CoviStix tests to be sent to Mexico and Dr.Ji has said the first 10 million will soon be on the way. He also said that CoviStix EUA's will soon be granted in Brazil and Canada(within a month).

He also told us that as well as being tested in the UK, Mexico and the US, further COVIDROPS tests are being arranged with several US State governments for large scale tests! COVIDROPS will likely be the next EUA candidate.

Both CoviStix and COVIDROPS are needed around the world so worldwide marketing partnerships could be announced any time. Such a partnership would be worth Multi-Billions in upfront, milestone and royalty payments. Meanwhile there should be very large CoviStix sales beginning in Q4 of this year!

Next year Sorrento can also look forward to SP-102 sales in 2H 2022 and ABIVERTINIB(cancer) revenues from China. All of this revenue will finance Sorrento's very large pipeline and build the $200-400 Billion market Cap company that Dr.Ji has envisioned. I am enjoying the ride!