Sorrento Hits Snag On $200M Scilex Stock Sale In Ch. 11

By Vince Sullivan · August 1, 2023, 7:27 PM EDT

Bankrupt drug developer Sorrento Therapeutics told a Texas judge Tuesday that its planned $200 million sale of its equity in nondebtor subsidiary Scilex Holding Co. had hit a snag, forcing the...

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Case Information

Case Title

Sorrento Therapeutics, Inc. and Official Committee of Unsecured Creditors

Case Number

4:23-bk-90085

Court

Texas Southern

Nature of Suit

Date Filed

February 13, 2023