Here's Why Sorrento Therapeutics Shares Jumped 13.3% in January [The Motley Fool]
Sorrento Therapeutics, Inc. (SRNE)
Last sorrento therapeutics, inc. earnings: 8/9 04:49 pm
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Source: The Motley Fool
Maxx Chatsko (TMFBlackn) Author Bio Maxx has been a contributor to Fool.com since 0. He graduated from the State University of New York College of Environmental Science and Forestry (0) with a Bachelor of Science in Bioprocess Engineering and from Carnegie Mellon University (0) with a Master of Science in Materials Science & Engineering. What happened Shares of Sorrento Therapeutics NASDAQ:SRNE Global Market Intelligence Although shares raced higher on the news, they never topped $ and the run-up was short-lived. Two weeks later, management announced that it had rejected the acquisition proposal because it "significantly undervalues the company." The pharma stock loss Image source: Getty Images. So what Sorrento Therapeutics has three unique focus areas: immuno-oncology and cellular therapies, pain management, and animal health. It has one approved product on the market, the topical pain treatment ZTlido, but the drug generated revenue of only $.8 million for the business in the firs
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