Sorrento Therapeutics soars 66% after CEO touts COVID-19 cure to Fox News - InvestingChannel

Sorrento Therapeutics soars 66% after CEO touts COVID-19 cure to Fox News

Sorrento Therapeutics (SRNE) claims to have discovered an antibody that could shield the human body from the coronavirus and flush it out of a person’s system within four days, Perry Chiaramonte of Fox News reports. The company later today will announce its discovery of the STI-1499 antibody, which is claims can provide “100% inhibition” of COVID-19, according to Chiaramonte. Sorrento believes the treatment could be available months before a vaccine hits the market, he adds. “We want to emphasize there is a cure. There is a solution that works 100 percent,” Dr. Henry Ji, CEO of Sorrento Therapeutics, told Fox News. “If we have the neutralizing antibody in your body, you don’t need the social distancing. You can open up a society without fear.” Shares of Sorrento Therapeutics are up 66%, or $1.72, to $4.36 in early trading.