Why Sorrento Therapeutics Stock Is Skyrocketing Today

Why Sorrento Therapeutics Stock Is Skyrocketing Today

Source: 
Motley Fool
snippet: 

Shares of Sorrento Therapeutics (NASDAQ:SRNE) were skyrocketing 38.5% as of 12:24 p.m. EST on Wednesday. The huge gain came after the biotech announced positive preliminary results on Tuesday evening from its phase 1b study evaluating its COVI-MSC in treating COVID-19.