Shares of Sorrento Therapeutics (NASDAQ: SRNE) are up 7% mid-day after the company’s pain subsidiary, SCILEX Pharmaceuticals, released positive data regarding its lead investigational product, ZTlido™. During a recently completed comparative adhesion performance study to support the market authorization application (MAA) in the EU, ZTlido™ demonstrated superior adhesion versus the EU reference product, Versatis®. SCILEX said it plans to resubmit the New Drug Application for ZTlido™ to the FDA and the MAA to the Medicines and Healthcare Products Regulatory Agency in the United Kingdom in the second half of 2017. “We are pleased to report our noteworthy data. We believe that the ability of ZTlido™ to outperform Versatis® in this head to head study will translate into better patient compliance and provide us with an important clinical advantage. I look forward to moving ZTlido™ closer to commercialization in the US and the EU,” SCILEX President Anthony Mack stated in the news release.
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About Sorrento Therapeutics, Inc.
Sorrento is an antibody-centric, clinical stage biopharmaceutical company developing new treatments for pain management, cancer, inflammation and autoimmune diseases. Sorrento’s lead product candidates include late-stage pain drugs, therapeutic antibodies for cancer, inflammation and autoimmune diseases, as well as clinical stage immune-cellular therapies targeting solid tumors. For more information visit www.sorrentotherapeutics.com.
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