Posted on 05/15/2020 11:05:28 AM PDT by Freedom56v2
Tiny biotech company Sorrento Therapeutics (SRNE) claimed Friday its experimental coronavirus treatment is a cure for Covid-19. Meanwhile, another company said it gained authorization for a coronavirus test.
In preclinical testing, Sorrento's antibody drug provided "100% inhibition" of SARS-CoV-2 — the new coronavirus that causes Covid-19 — within four days. Sorrento expects this antibody to be the first in a drug cocktail that would create a "protective shield" against infection.
"Our STI-1499 antibody shows exceptional therapeutic potential and could potentially save lives following receipt of necessary approvals," Chief Executive Henry Ji said in a written statement. "We at Sorrento are working day and night to complete the steps necessary to get this product approved."
Shares of Sorrento charged up 138.6%, near 6.30, in midday trading on the stock market today. Sorrento representatives didn't immediately return a request for comment.
An antibody drug is unique in coronavirus treatment research. Experts say the antibodies could either treat Covid-19 or provide preemptive immunity.
Sorrento researchers screened and tested billions of antibodies to narrow their coronavirus treatment candidates down to hundreds. They found a dozen that could prevent the viral protein from grabbing onto a key receptor in the body. The virus uses that receptor to enter human cells. There, it replicates.
The STI-1499 antibody completely blocked SARS-CoV-2 from infecting healthy cells, Sorrento said in a news release. Sorrento expects this to be the first antibody in a cocktail it's planning to call Covi-Shield. The biotech company plans to seek an accelerated regulatory review.
It's important to note Sorrento's test was preclinical. This means the biotech company hasn't yet tested its experimental coronavirus treatment in humans. Still, Sorrento says it can produce up to 200,000 doses each month and plans to make 1 million doses while seeking approval.
(Excerpt) Read more at investors.com ...
Fauci won’t allow it. He’s not an investor
Anecdotal.
Why do you say anecdotal?
There are lots of privately funded biotech upstart companies in the San Diego area. Many or most never make a profit from their risky investment. I hope that this company gets rich.
President of this company is Chinese, so I reman skeptical.
yup
i see what you did there
sadly many here don’t
Does it use oil made from rattlesnakes? Is it patented?
Maybe I’ll start believing these breathless “It’s cured!” posts when 100% of them don’t turn out to be nothingburgers.
Ahhh . . . good info. Thanks, Buckeye
Yes there are many small biotechs in San Diego area...
I hope they succeed. Hope they keep their data safe!!!
We will probably read a new and all powerful cure every week/Day? from now on.
Why? Shares of Sorrento charged up 138.6%, near 6.30, in midday trading on the stock market today. Sorrento representatives didn’t immediately return a request for comment.
If they have found something, you bet there will be powerful forces against them :(
IMMEDIATELY take your company offline, Sorrento.
Thanks.
I will use this about a zillion times whenever a new breakthrough cure what ever is announced in the next few days.
Anecdotal.
“Does it use oil made from rattlesnakes? Is it patented?
Maybe I’ll start believing these breathless “It’s cured!” posts when 100% of them don’t turn out to be nothing burgers.”
Shares of Sorrento charged up 138.6%, near 6.30, in midday trading on the stock market today. Sorrento representatives didn’t immediately return a request for comment.
Wise choice...
Many in California in the biotech industry are Asian—Chinese or Indian...My son is the only “native Caucasian American” on his team. He works for a major tech company in San Fran....I hope the company has success...I am tired of staying home in IL :(
BINGO!
stock now up 166% for the day. Wow.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.