Shareholder Alert: Robbins LLP Announces Sorrento Therapeutics, Inc. (SRNE) Sued for Misleading Shareholders
Sorrento Therapeutics, Inc. (SRNE)
Last sorrento therapeutics, inc. earnings: 8/9 04:49 pm
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US:NASDAQ Investor Relations:
sorrentotherapeutics.com/investors
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Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Robbins LLP announces that a purchaser of Sorrento Therapeutics, Inc. (NASDAQ: SRNE) filed a class action complaint against the Company for alleged violations of the Securities Exchange Act of 1934 between May 15, 2020, and May 22, 2020. Sorrento is a clinical stage biopharma company that develops therapies for cancer, autoimmune, inflammatory, and neurodegenerative diseases.If you suffered a loss as a result of Sorrento's misconduct, click here.Sorrento Therapeutics, Inc. (SRNE) Accused of Misleading Shareholders According to the complaint, on May 15, 2020, Sorrento announced that it had discovered an antibody that had "demonstrated 100% inhibition of SARS-CoV-2 virus infection" and stated on national television "[Sorrento] want[s] to emphasize there is a cure." Following these auspicious statements, Sorrento's stock price soared to as high as $10.00 per share, representing a 281.7% increase from its May 14, 2020, closing pr
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