Sorrento soars on positive news from COVID-19 antibody program
Shares in San Diego, USA-based Sorrento Therapeutics (Nasdaq: SRNE) jumped over 200% on Friday, after the firm announced positive data from its COVID-19 antibody program.
The firm’s candidate, STI-1499, is intended to form part of an antibody cocktail dubbed COVI-SHIELD, which can prevent infection and can remain effective even if virus mutations render a single antibody therapy less effective over time.
The candidate is also expected to be developed as a stand-alone therapy, COVI-GUARD, due to the high potency it has exhibited in experiments to date.
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