(VIANEWS) – Shares of Sorrento Therapeutics (NASDAQ: SRNE) jumped by a staggering 13.1% to $0.35 at 10:15 EST on Tuesday, after two successive sessions in a row of gains. NASDAQ is dropping 0.58% to $11,787.27, after two consecutive sessions in a row of losses. This seems, up to now, a somewhat negative trend exchanging session today.
Sorrento Therapeutics’s last close was $0.31, 89.97% below its 52-week high of $3.09.
About Sorrento Therapeutics
Sorrento Therapeutics, Inc., a clinical stage and commercial biopharmaceutical company, develops therapies for cancer, autoimmune, inflammatory, viral, and neurodegenerative diseases. 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. Its clinical programs in development include anti-CD38 CAR-T therapy for the treatment of multiple myeloma, as well as for amyloidosis and graft versus host disease. The company develops resiniferatoxin, a non-opioid-based TRPV1 agonist neurotoxin for late stage cancer and osteoarthritis knee pain treatment; and ZTlido, a lidocaine delivery system for the treatment of postherpetic neuralgia. It engages in the development of SEMDEXA, an injectable viscous gel formulation, which is Phase III trial for the treatment of sciatica, a pathology of low back pain; SP-103, an investigational non-aqueous lidocaine topical system undergoing clinical development in chronic low back pain condition; and SP-104, a novel low-dose delayed-release naltrexone hydrochloride formulation for the treatment of fibromyalgia. It has collaboration with SmartPharm Therapeutics Inc. to develop gene-encoded antibody vaccine to protect against COVID-19; Celularity, Inc. for initiating Phase I/II clinical study, including up to 94 patients with COVID-19; Mount Sinai Health System to develop COVI-SHIELD, an antibody therapy targeting SARS-CoV-2 infection; and Mayo Clinic for Phase Ib pilot study using sofusa lymphatic drug delivery technology to deliver Ipilimumab in patient with melanoma. The company was founded in 2006 and is based in San Diego, California.
Earnings Per Share
As for profitability, Sorrento Therapeutics has a trailing twelve months EPS of $-1.3.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -378.92%.
Revenue Growth
Year-on-year quarterly revenue growth grew by 44.3%, now sitting on 60.32M for the twelve trailing months.
Moving Average
Sorrento Therapeutics’s value is way below its 50-day moving average of $0.94 and way under its 200-day moving average of $1.63.
Volume
Today’s last reported volume for Sorrento Therapeutics is 27377679 which is 7.1% below its average volume of 29472600.
More news about Sorrento Therapeutics (SRNE).
