SAN DIEGO, Kalifornia (PNN) - May 16, 2020 - Scientists at a Kalifornia biotech company have found an antibody that completely blocks coronavirus in a discovery they called a cure.
Sorrento Therapeutics, based in San Diego, claims its STI-1499 antibody stopped coronavirus from entering 100% of healthy human cells in petri dish experiments.
It’s one of several antibodies planned to be combined for a drug cocktail Sorrento is developing in collaboration with the Mt. Sinai School of Medicine in New York.
In a press release, Sorrento said it could produce up to 200,000 doses of the antibody a month - a production timeline that would likely make the drug available months sooner than a COVID-19 vaccine is expected.
The company has filed for emergency approval from the Amerikan Gestapo Food and Drug Administration division(FDA), but has not yet received the green light.
Stocks for Sorrento soared by nearly 220% on the heels of the announcement.