9th Circuit Backs Sorrento Therapeutics: Its Claims of COVID Cure Weren’t Fraud ...Middle East

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9th Circuit Backs Sorrento Therapeutics: Its Claims of COVID Cure Weren’t Fraud
San Diego attorney Steven Hubachek (bottom left) argues for plaintiff Andrew Zenoff at Pasadena hearing. Image via YouTube.com Two months after pandemic lockdowns began, San Diego biotech Sorrento Therapeutics put out a hopeful press release on a COVID-19 breakthrough that some took to tout a cure. 9th Circuit opinion affirming San Diego federal court’s dismissal of lawsuit. (PDF) That 1,100-word PR blast of May 15, 2020, didn’t use the word “cure,” but the stock market read between the lines — and favorable coverage by Fox News and others. “Sorrento IDs Antibody Against COVID-19 That Appears 100% Effective,” headlined a BioSpace.com story. Sorrento’s stock price skyrocketed.

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