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

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

Sorrento Therapeutics Stock Performance

Shares of SRNE stock opened at $0.00 on Thursday. Sorrento Therapeutics has a one year low of $0.00 and a one year high of $0.25. The company’s fifty day moving average price is $0.01 and its 200-day moving average price is $0.01.

About Sorrento Therapeutics

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.