Sorrento Therapeutics (NASDAQ:SRNE) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Sorrento Therapeutics (NASDAQ:SRNE) in a report released on Friday morning. The firm issued a hold rating on the biopharmaceutical company’s stock.

Sorrento Therapeutics Stock Performance

Shares of SRNE opened at $0.01 on Friday. Sorrento Therapeutics has a fifty-two week low of $0.00 and a fifty-two week high of $0.35. The firm has a 50 day moving average price of $0.01 and a 200-day moving average price of $0.02.

Sorrento Therapeutics Company Profile

Sorrento Therapeutics, Inc, a clinical and commercial stage biopharmaceutical company, develops a portfolio of next-generation treatments for three therapeutic areas: cancer, infectious disease,and pain. It operates through two segments, Sorrento Therapeutics and Scilex. The company provides cancer therapeutic by leveraging its proprietary G-MAB antibody library and targeted delivery modalities, which include chimeric antigen receptor T-cell therapy (CAR-T), dimeric antigen receptor T-cell therapy, and antibody drug conjugate, as well as bispecific antibody approach; and Sofusa, a drug delivery technology that deliver biologic directly into the lymphatic system.