Sorrento rejects $1B buyout bid from unnamed private equity firm

Taylor, Nick Paul
January 2020
FierceBiotech;1/28/2020, pN.PAG
Sorrento Therapeutics has rejected a takeover offer from an unidentified private equity fund. News of the original bid sparked a surge in Sorrento's sagging stock price, but the board has ruled the offer undervalues the biotech.


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