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Innovation Pharmaceuticals IPIX
(Total Views: 472)
Posted On: 05/19/2020 7:04:58 PM
Post# of 72447
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Posted By: Drano
The Sorrento "100% cure" is a complete misrepresentation.

https://endpts.com/how-a-california-biotech-b...d-19-cure/

Quote:
After publication, Sorrento’s stock shot up. Its price per share went from $2.62 at market close on Thursday to $9.96 at market open on Monday, before sliding down to a $5.23 as of Tuesday morning, a valuation that nonetheless had the company worth a tick over $1 billion. There was just one problem: The company had not put their drug in a mouse, let alone a patient.

.....Ethicists were particularly concerned about Ji’s interview with Fox News, in which he not only said there was a cure but appeared to imply that, because of it, people can avoid the social distancing practices that experts say have helped stem the virus’s spread.


















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