StockNews.com Begins Coverage on Sorrento Therapeutics (NASDAQ:SRNE)

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

Sorrento Therapeutics Stock Performance

Shares of SRNE stock opened at $0.00 on Friday. Sorrento Therapeutics has a 1-year low of $0.00 and a 1-year high of $0.25. The firm’s 50-day simple moving average is $0.01 and its 200-day simple moving average is $0.01.

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.