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home / news releases / SRNE - Sorrento Therapeutics subsidiary Scilex not a part of Chapter 11 bankruptcy filing

SRNE - Sorrento Therapeutics subsidiary Scilex not a part of Chapter 11 bankruptcy filing

February, 13 2023 04:13 PM Sorrento Therapeutics Inc.

Scilex Holding Co. ( NASDAQ: SCLX ), a majority-owned subsidiary of Sorrento Therapeutics ( NASDAQ: SRNE ), is not a debtor in the latter's Chapter 11 bankruptcy filing announced earlier on Monday.
The two companies said that business will continue as usual at Scilex ( SCLX ).
Sorrento closed down ~73% , while Scilex ( SCLX ) lost ~26% .
In late January, Seeking Alpha contributor Edmund Ingham called Scilex ( SCLX ) a sell.

For further details see:

Sorrento Therapeutics subsidiary Scilex not a part of Chapter 11 bankruptcy filing

Stock Information

Company Name:	Sorrento Therapeutics Inc.
Stock Symbol:	SRNE
Market:	NASDAQ
Website:	sorrentotherapeutics.com

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