The Online Investor

Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Sat., Sep. 19, 8:26 AM

Slide #66. Sorrento Therapeutics, Inc. SmartPharm Therapeutics, Inc.

Acquirer: Sorrento Therapeutics, Inc. (NASDAQ:SRNE)
Acquiree: SmartPharm Therapeutics, Inc.
Details: Sorrento Therapeutics, Inc. (Nasdaq: SRNE, "Sorrento") and SmartPharm Therapeutics, Inc. ("SmartPharm") announced today that Sorrento has completed the acquisition of SmartPharm, a gene-encoded protein therapeutics company developing non-viral DNA and RNA gene delivery platforms for COVID-19 and rare diseases with broad potential application in enhancing any antibody-centric therapeutics.

Sorrento Therapeutics is a clinical stage and commercial biopharma company focused on delivering therapies to patients and their families. Co. has two segments: The Sorrento Therapeutics segment, which is organized around its Immune-Oncology therapeutic area, using its proprietary G-MAB™ antibody library and targeted delivery modalities to generate the next generation of cancer therapeutics. These modalities include proprietary chimeric antigen receptor T-cell therapy, dimeric antigen receptor T-cell therapy, antibody drug conjugates as well as bispecific antibody approaches. The Scilex segment is mainly organized around Co.'s non-opioid pain management operations.

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Company Name: 
Sorrento Therapeutics Inc
Website: 
www.sorrentotherapeutics.com
Sector: 
Biotechnology
Number of ETFs Holding SRNE: 
22
Total Market Value Held by ETFs: 
$204.24M
Total Market Capitalization: 
$2.02B
% of Market Cap. Held by ETFs: 
10.10%
 

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