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Sorrento Therapeutics posts $64.24 million net loss for June
By Sarah Lizee
Olympia, Wash., Aug. 16 – Sorrento Therapeutics, Inc. reported a $64.24 million net loss for June on $40,000 gross income/sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.
The cash balance at the end of the month was $29.53 million.
The biopharmaceutical company is based in San Diego. The company filed bankruptcy on Feb. 13, 2023 under Chapter 11 case number 23-90085.
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