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Friday, March 20, 2020

Sorrento up on advancement of Covid-19 candidate

Sorrento Therapeutics (NASDAQ:SRNE) has produced a preclinical batch of a protein called STI-4398 COVIDTRAP that, it says, prevents the SARS-CoV-2 virus from infecting respiratory cells.
STI-4398 is a proprietary ACE2 (angiotensin-converting enzyme 2)-Fc fusion protein that binds to a certain domain of the spike protein of the SARS-CoV-2 virus which blocks the virus from attaching to cells (spike proteins bind to receptors on cells in the initial stage of the infection process).
It says STI-4398 COVIDTRAP preserves ACE2 enzyme activity which is important in maintaining normal blood pressure and healthy blood flow into the infected lung tissues when used in advanced COVID-19 patients.
In parallel, company scientists are working to generate a stable CHO (Chinese Hamster Ovary) manufacturing cell line that would enable high-yield cGMP production of the COVIDTRAP fusion protein.
The company expects to complete enabling studies for an expedited IND filing in the next few months.
https://seekingalpha.com/news/3553691-sorrento-up-22-premarket-on-advancement-of-covidminus-19-candidate

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