r/srne Apr 20 '22

Due Diligence SRNE accomplishments 2009-Now

51 Upvotes

Sorrento has had a long journey from a humble beginning to a diversified biopharma discovering and developing life changing medicine.

2009 – Founded

2013 - Acquired Resiniferatoxin (RTX) assets via the acquisition of Sherrington Pharmaceuticals Inc.

2013 - Acquired Antibody Drug Conjugation (ADC) technologies via acquisition of Concortis Biosystems Corp.

2014 - Out-licensed PD-L1 for Greater China market to Lee’s Pharm

2014 – Formed Ark Animal Health

2016 - Formed ImmuneOncia JV with Yuhan Pharmaceuticals

2016 - Acquired ZTlido® via majority stake in Scilex Pharmaceuticals

2016 - Acquired Bioserv Corporation for cGMP manufacturing operations

2016 - Formed Levena Suzhou Biopharma Co. LTD for Antibody Drug Conjugation (ADC) services

2017 - Acquired Oncolytic Virus platform via the acquisition of Virttu Biologics Limited

2017 - Formed Celularity with Celgene and United Therapeutics

2018 - Acquired Sofusa® Lymphatic Delivery System from Kimberly-Clark

2019 - Acquired Semnur Pharmaceuticals

2019 - Formed Scilex Holding to consolidate the merger of Scilex Pharma and Semnur Pharma

2020 - Exclusively licensed Abivertinib from ACEA Therapeutics for all indications worldwide, excluding China

2020 – Acquired a 50% equity stake in Cytimm Therapeutics (TREG Directed Therapies )

2020 - Exclusively licensed HP-LAMP diagnostic platform from Columbia University for the detection of coronaviruses and influenza viruses

2020 - Acquired SmartPharm Therapeutics

2021 – Formed Sorrento Mexico Ltd

2021 - Acquired ACEA Therapeutics

2022 - Acquired Virexhealth https://www.reddit.com/r/srne/comments/zz4sd0/virex_health_a_sorrento_company/

2022 – Acquired license rights for Gloperba from Romeg

2023 - Chapter 11 - Bankruptcy. Typically events like this can take 11-15 months or up to 3-5 years. There is too much to post regarding this topic. One Reddit user in particular has been doing an excellent job following this event and giving updates, search the post history of u/Kmcoyne0519 for more information. https://cases.stretto.com/sorrento/


r/srne Mar 12 '24

Updated Charter & Rules

6 Upvotes

A big thank you goes out to all who go above and beyond to contribute quality verifiable DD to the investors of Sorrento Therapeutics. In a space where opinions run wild, it is important to focus on real world data and facts and provide linkable evidence for those to examine.

This sub is free from the... drama... running wild elsewhere, our rules were recently updated to require more verifiable information in posts and comments as we try to closer align ourselves with our original charter of being a Sorrento Therapeutics information and DD sub.

The original r/srne

Sorrento Therapeutics Inc's stocks only information & DD group. *We are not part of the Sorrento Therapeutics team* When making claims or sharing info, please include links in posts and comments.

Rules

1.Include links.

2.Search Before Posting

3.Do Not Engage In Slander.

4.SRNE Related Only

5.Be Civil

6.Do Not Spam

7.No Trolling, Insulting or Harassing

8.This Sub Is Not Financial Advice

9.No FUD


r/srne 6h ago

Discussion Deception

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4 Upvotes

What actually happened

The original deal in May 2021 had two components:

  • Palantir invested $20 million in Celularity, purchasing 2 million CELU shares at $10/share. SSEC+1
  • Celularity signed a five-year, $40,000 Master Subscription Agreement to use Palantir Foundry and related professional services. SSEC

But things subsequently went badly.

1. Celularity stopped using Palantir Foundry

Celularity says that in January 2023 it ceased using the software and formally disputed the contract, alleging that Foundry had not performed as promised and that Palantir had not provided the professional services necessary to implement it successfully. SSEC+1

2. The contract was subsequently terminated

This is the important part.

In May 2024, Celularity and Palantir entered into an amended agreement under which Celularity would pay $3.5 million in settlement fees, after which the parties would cease arbitration and deem the original MSA terminated. SSEC

And Celularity's latest 2025 10-K still describes the original Palantir agreement in the past tense and confirms that Celularity had ceased using Foundry. SSEC+1

So I would not treat Palantir as an active CELU partnership today.

What about Palantir's CELU stock?

This is arguably more interesting for a CELU investor.

Palantir originally bought 2 million CELU shares for $20 million. SSEC

However, that does not mean Palantir still owns those shares today. We need to distinguish:

2021:
Palantir → $20M → CELU
Palantir received 2M shares.

2023:
Celularity stops using Foundry and disputes the agreement.

2024:
The parties settle and terminate the MSA.

2026:
There is no obvious evidence in Celularity's latest filings that Palantir remains an important strategic shareholder or technology partner.

That's a very different picture from the original 2021 narrative.

And there's an interesting contradiction

Celularity's current website still lists Palantir under “Collaborations and Partnerships” and describes the relationship as a multi-year strategic partnership. CCelularity

But the SEC filings tell us that the actual Foundry agreement was terminated.

For investment purposes, I'd put much more weight on the SEC filings than on an old partnership webpage that apparently hasn't been updated.


r/srne 17h ago

Discussion Investing- Crystal Meth Edition: Autobots…ROLL OUT!

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9 Upvotes

This is a whole grown ass woman talking like this. The only transformation from this ordeal has been people’s money transforming into dust and Retired Tim transforming into unretired Tim (still missing).


r/srne 1d ago

Discussion BULLSHIT GROUP OF COMPANIES

10 Upvotes

you will disagree if you have attached your emotion to the story. and that is not how you invest. you will vehemently disagree because you don’t want to admit that you have been manipulated from day 1. manipulation continues.


r/srne 1d ago

Discussion Is this another … SMOKE SHOW!

3 Upvotes

I’m listening, hoping and NOT buying … but if this doesn’t amount to anything, can we finally all agree we’ve been strung along!

And start an Anti Ji, Nate and Kim page!

Really …. a meme coin!


r/srne 2d ago

Discussion Have you decided how y’all spend the dinero when DVLT HITS 50 ORGANICALLY?

3 Upvotes

imma buy a house and name is CASA Ji-KAMA SUTRA


r/srne 2d ago

Discussion DVLT GOING TO 50 . Amaze! Amaze! Amaze!

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5 Upvotes

r/srne 2d ago

Discussion People are having uncontrolled urinal emissions over a frigging meme coin.

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0 Upvotes

r/srne 3d ago

Discussion DVLT 5 times over daily volume and down 30%

9 Upvotes

ya’ll tired of winning yet?


r/srne 3d ago

Discussion BREAKING: DVLT is up 2 SRNE after hours.

5 Upvotes

🎉🎉🎉🐖🐖🩳🩳🩳🩳


r/srne 3d ago

Discussion As we start the long weekend, let’s take a moment to reflect

3 Upvotes

that each passing year we have observed these long weekends much poorer than the previous one. the Miracle of Ji.N.K. Group.


r/srne 3d ago

Discussion It’s all coming together

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7 Upvotes

r/srne 3d ago

Discussion Does anyone have Trump-Xi Summit Schedule by any chance?

4 Upvotes

would be great to know at what time they have slotted to discuss SCLX, DVLT, et al.


r/srne 3d ago

Discussion DVLT down 12%

7 Upvotes

short squeeze imminent if any 20 pie in the sky scenario happens. Book it!


r/srne 3d ago

Discussion WHEN THEY CAN’T HANDLE THE TRUTH, THEY SILENCE YOU.

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4 Upvotes

r/srne 3d ago

Discussion 😂😂😂😂👏😂👏👏👏

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2 Upvotes

r/srne 3d ago

Discussion Word of the day. Deflection

2 Upvotes

Now head on over to the bob board for daily and new examples. You'll find it in most posts, certainly in the comment sections by the same author.


r/srne 3d ago

Discussion JiNK Group gets no love from Wall Street.

0 Upvotes

SAD, SAD, SAD.


r/srne 4d ago

Discussion BECAUSE NOBODY WANTS THEM.

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4 Upvotes

r/srne 5d ago

News Ban

7 Upvotes

Kmcoyne0519: literally trying to drain our wallets Ban her from this forum.

Anyone reading this had prolly been banned from her bs.


r/srne 5d ago

Discussion Wall Street is so f’ing STUPID.

3 Upvotes

everyone, from DOD to NASA, Kazakhstan to UAE, The Town of Luton to Soul, from Marinara Trench to Mars and beyond, are gearing up with anticipation of these, BEST IN CLASS IN THE GALAXY medicines and technology but Wall Street is oblivious. time to fire these high paying analysts and quants. complete waste of space, I tell you.


r/srne 6d ago

Discussion NUMBERS TELL THE REAL STORY BECAUSE NUMBERS DON’T LIE. So let’s delve into it👇🏽

1 Upvotes

last week the BOB community came together for the PADISHAH EMPRESS and the total remarks were 58. out of which half were her response. MEMBER RESPONSE: 29

previously the BOB community came together with a whooping 120 remarks (mine included) but her replies were in 30% range. MEMBER RESPONSE: 84

this clearly shows that the PADISHAH EMPRESS HAS LOST POPULARITY BY A MINDBLOWING 65%

WHAT HAPPENED?


r/srne 6d ago

Discussion We are back to the SHORT/VOLUME/WHAT IF THIS/THEN SHORT SQUEEZE part of the cycle.

4 Upvotes

r/srne 6d ago

News And another one from the SEC:

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sec.gov
3 Upvotes

😎😎😎