Sorrento Therapeutics Inc (SRNE)

[dia76ca]

I agree with Paulsnowman's positive outlook for Q4 COVISTIX 2021 revenue!
"Akuasul is out of STIX stock (first time ever). This is the distributor in Mexico that the SRNE Mexico CEO Hector S. sister runs. It’s not a big distributor, but it was the first distributor that the message boards heard of selling STIX. I check on it a couple of times a week to see the quantity of stock. Earlier this week they had 8 boxes (25 tests in each) with a price (US $206.33 / 8.25 unit) that is higher then at our Brazilian distributor Futura, and yet 8 boxes sold out in a couple of days. SRNE probably has contracts with many regional distributors in Mexico. So is this being out of stock something or nothing at all? Well let’s see what we do know?

Sorrento Mexico had previously signed a contract with a leading LOCAL distributor for up to 5 million COVISTIX tests in Mexico (Nov 22nd)

Sorrento Mexico Executes Second Contract for Sale of 10 Million COVISTIX Tests with a LARGE distributor for Mexico Market (Dec. 27th)

Sorrento Receives Orders of COVISTIX for Commercial Launch in Brazil. In addition to the loading order, Sorrento’s local distribution partner has received an order from a large diagnostic laboratory in Brazil that collaborates with about 2,000 other smaller units across the country (Dec 6th)

DEMAND FOR STIX IS HIGH IN LATIN AMERICA & MEXICO.

Please note that FortuneBio, which SRNE has the option to purchase 51%, opened a second manufacturing facility because of huge diagnostic tests demand."