US biotech company claims it has discovered cure for coronavirus

Scientists at a California biotech company have found an antibody that completely blocks coronavirus in a discovery they called a ‘cure,’ Fox News reports.

Sorrento Therapeutics, based in San Diego, claims its STI-1499 antibody stopped coronavirus from entering 100 percent of healthy human cells in petri dish experiments.

It’s one of several antibodies planned to be combined for a drug ‘cocktail’ Sorrento is developing in collaboration with Mt Sinai School of Medicine in New York.

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In a press release, Sorrento said it could produce up to 200,000 doses of the antibody a month – a production timeline that would likely make the drug available months sooner than a COVID-19 vaccine is expected.

The company has filed for emergency approval from the US Food and Drug Administration (FDA), but has not yet received the green light.

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Stocks for Sorrento soared by nearly 220 percent on the heels of the announcement.

‘We want to emphasize there is a cure,’ Sorrento’s CEO, Dr Henry Ji, told Fox.

‘There is a solution that works 100 percent.

‘If we have the neutralizing antibody in your body, you don’t need the social distancing. You can open up a society without fear.’

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