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Sorrento Therapeutics reports $5.07 million net loss for January
By Sarah Lizee
Olympia, Wash., March 1 – Sorrento Therapeutics, Inc. reported a $5.07 million net loss for January on $129,200 gross income/sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of Texas.
The cash balance at the end of the month was $8.93 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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