Sorrento Therapeutics Inc (SRNE)

[dia76ca]

Winston Churchill's quotation, made in a radio broadcast in October 1939:
"I cannot forecast to you the action of Russia. It is a riddle, wrapped in a mystery, inside an enigma; but perhaps there is a key. That key is Russian national interest."
That was certainly true of Russia in 1939...and it is true today! And it is certainly true of China!
That is why Sorrento could have a very interesting year in China.
If it is in China's national interest there could certainly be approval of ABIVERTINIB and SOCAZOLIMAB in several cancer indications.
But right now China has a very great national interest to control Covid19! The Chinese have refused to pay high prices for Pfizer anti-virals but have moved Sorrento's antiviral OVYDSO from a 1b trial directly into a phase 3 trial! Might they also be interested in some Sorrrento tests? Or how about Sorrento's second generation mRNA vaccine? Their own vaccines have been relatively ineffective. Could Sorrento provide a more effective and safer alternative...AND advance it first in China just as they are doing with OVYDSO? China likes things developed in China! It is in their national interest!