Sorrento therapeutic's stock up to 9156 percent a share increase claims they have a cure for coronavirus......or...do they?

9.06 USD +2.30 (34.02%) Friday 4.27
San deigo based sorrento theraputics...

Sorrento Therapeutics' stock soars on massive volume after upbeat report on COVID-19 antibody experiment

Shares of Sorrento Therapeutics Inc. SRNE+32.56% blasted 153% higher on very heavy volume in afternoon trading Friday, putting it on track to close at a near 2-year high, after the biopharmaceutical company provided an upbeat assessment of the results of a preclinical experiment of its COVID-19 virus antibody. Trading volume exploded to 364.8 million shares, enough to make the stock the most actively traded on major U.S. exchanges, and well above the full-day average of about 6.6 million shares. After four days of incubation, Sorrento said it STI-1499 antibody demonstrated 100% inhibition of the COVID-19 virus infection of healthy cells. The company said full results of the experiment will be soon submitted to a "peer-reviewed publication."


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