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Sorrento Therapeutics Sells Cancer Drug and Subsidiary

In a deal potentially worth up to $1.3 billion, San Diego’s Sorrento Therapeutics has sold the rights to its proposed cancer treatment Cynviloq, as well as the wholly owned subsidiary that was developing the drug, to Illinois-based NantPharma.

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Sorrento Therapeutics Awarded NIH Grant for Development of Small Molecule Protein Inhibitor

The grant supports research based on biotechnology licensed from The Scripps Research Institute.

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