July 03, 2023
Sorrento Therapeutics is seeking approval of a second debtor-in-possession financing loan in its Chapter 11 case, saying the $75 million DIP it obtained at the outset of its Chapter 11 case in February is set to run out this week.
March 27, 2023
Sorrento Therapeutics reached a deal Monday with a shareholder group to allow an official equity committee in its Chapter 11 case at a hearing where a Texas bankruptcy judge expressed doubts about the pharmaceutical research company's claimed valuation.
March 20, 2023
A Texas judge removed NantCell Inc. from the unsecured creditors committee in the Chapter 11 case of drugmaker Sorrento Therapeutics on Monday, saying the group's activity is hampered by procedures put in place to address NantCell's conflicts of interest in the case.
March 17, 2023
Shareholders in pharmaceutical research company Sorrento Therapeutics have asked a Texas bankruptcy judge to order the appointment of a committee to represent them in Sorrento's Chapter 11 case and investigate potential claims against the company's management.
February 21, 2023
Bankrupt pharmaceutical research company Sorrento Therapeutics received interim approval Tuesday for a $75 million Chapter 11 loan after a Texas judge overruled objections from a litigation foe of the debtor's that argued the financing wouldn't add value to the estate.
February 13, 2023
California pharmaceutical research firm Sorrento Therapeutics Inc., a developer of cancer, COVID-19 and chronic pain treatments, filed for Chapter 11 protection in a Texas bankruptcy court Monday with about $135 million in debt.