Stock Talk
On Friday, after hours, a Benzinga report that UPS pilots are using Sorrento's (SRNE) rapid Coviid test kit to send results ahead to Hong Kong authorities that the crew is clear of Covid.
This is further validation that Covi-Stix is ready to be used as an at-home test kit. However, it seems the FDA are holding up tests and treatments that could be used to defeat the pandemic. I suspect the at-home feature may be the hang up because the government wants to track the C19 infection rates.
Sorrento is working on a complete line of C19 tests and treatments. Their stem cell treatment Covi-MSC has people walking out of the hospital after 3 weeks of intensive care on death's door prior to the Sorrento IV. Why the FDA are holding up such life saving treatments boggles the mind.
Sorrento has antibody treatments that could be used at home like nasal drops and a shot of an antibody rather than long IV hospital stays.
The FDA is way too SLOW for these times. Unleash Sorrento on this scourge to mankind and free us!
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ALL in my humble opinion, scroll down and read more..This site does NOT make Buy / Sell recommendations.
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