Sorrento Therapeutics' COVID-19 Antibody Works Against Omicron Variant

Sorrento Therapeutics Inc SRNE has released new data on STI-9167, an advanced stage antibody against COVID-19.

• The antibody was discovered and developed in an ongoing collaboration between Sorrento and the Icahn School of Medicine at Mount Sinai.
• STI-9167 was observed to bind with high affinity and provide highly potent neutralizing activity against the omicron variant. 
• The Company says that STI-9167 is unique compared to tests of EUA-approved SARS-CoV-2 antibodies in that binding and neutralization properties are maintained against the emerging omicron and omicron (+R346K) variant. 
• Additionally, STI-9167 administered at a low dose (5mg/kg) by either the intranasal or intravenous routes provided robust protection against the clinical signs of infection by the Omicron variant mouse model of COVID-19.
• It prevented weight loss and reduced virus titers in the lungs to undetectable levels.
• Price Action: SRNE shares are up 0.23% at $4.32 during the premarket session on the last check Thursday.