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

Stock analysts at StockNews.com assumed coverage on shares of Sorrento Therapeutics (NASDAQ:SRNE) in a research note issued on Friday. The firm set a “hold” rating on the biopharmaceutical company’s stock.

Sorrento Therapeutics Stock Performance

Shares of Sorrento Therapeutics stock opened at $0.01 on Friday. Sorrento Therapeutics has a one year low of $0.00 and a one year high of $0.25. The business’s 50 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.