Re: Positive Phase II. / No wonder we are down .10
An 8K filing today contained bad legal news:
"On December 2, 2022, the arbitrator in the NantCell/NANTibody Arbitration issued an award granting contractual damages and pre-award interest in the
amounts of $156,829,562 to NantCell and $16,681,521 to NANTibody, exclusive of post-award, prejudgment interest, which will accrue at 9% per annum
(the “Award”). The Company believes the Award was wrongly decided and is evaluating next steps, including, among other things, potential grounds to
vacate, modify, or correct the Award under applicable law."
https://investors.sorrentotherapeutics.com/static-files/39599604-86fc-424f-b547-f664a1ec6c03
Who knows what happens next?