logo
Plus   Neg
Share
Email

Stock Alert: Sorrento Therapeutics Uptick Continues

Shares of Sorrento Therapeutics, Inc. (SRNE) are currently gaining 17% on Friday morning, continuing its upward momentum from Thursday.

The biotech company on Wednesday had announced the launch of a rapid diagnostic saliva COVID-19 test that reveals results in 30 minutes.

SRNE is currently trading at $10.03, up $1.48 or 17.31%, on the Nasdaq.

The company said it licensed the Covid-19 from Columbia University that can provide highly accurate results in thirty minutes using only a person's saliva.

Developed by the team at Columbia University Irving Medical Center (CUIMC), initial clinical studies have been extremely promising for both specificity and sensitivity.
Sorrento plans to market the product under the name COVI-TRACE.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walt Disney World, the Orlando, Florida-based entertainment complex, is easing the health safety guidelines that were rolled out to prevent the spread of the ongoing COVID-19 pandemic. The complex is ending temperature checks in a phased manner following the advice of the Centers for Disease Control and Prevention (CDC) and local health officials. Frito-Lay North America, the convenient foods division of food and beverages giant PepsiCo, Inc., is recalling select Ruffles All Dressed Potato Chips citing the possible presence of undeclared milk ingredients, a known allergen, the U.S. Food and Drug Administration said. According to the agency, the recalled products may have distributed regionally to Walmart's Sam's Club Warehouses. Pfizer Inc. (PFE) and BioNTech SE (BNTX) announced Friday that they have initiated the Biologics License Application (BLA) process with the U.S. Food and Drug Administration (FDA) for approval of their mRNA vaccine to prevent COVID-19 in individuals 16 years of age and older. The companies initiated...
RELATED NEWS
Follow RTT