Sorrento Therapeutics, Inc., a commercial and clinically staged biopharmaceutical company, develops therapies for cancerous, autoimmune, inflammatory, viral and neurodegenerative diseases. It operates through two segments, Sorrento Therapeutics and Scilex.
$SRNE announcement during the week positive results of a COVI-MSC study for patients with Post-Covid breathing difficulties, treatment that is still in phase 1 but could be an important milestone for the company.
As for the technical, we found the company in an uptrend, despite the setback caused by strong market pressure in recent weeks, it settled its price in a key area over the weekly MA50
- Mkt Cap 2.34B
Technical:
- Vol average 8.5B
- Average RSI levels
- MACD Level (12, 26) 1.51
- Price on MA50 Weekly
$SRNE announcement during the week positive results of a COVI-MSC study for patients with Post-Covid breathing difficulties, treatment that is still in phase 1 but could be an important milestone for the company.
As for the technical, we found the company in an uptrend, despite the setback caused by strong market pressure in recent weeks, it settled its price in a key area over the weekly MA50
- Mkt Cap 2.34B
Technical:
- Vol average 8.5B
- Average RSI levels
- MACD Level (12, 26) 1.51
- Price on MA50 Weekly
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