Sorrento Therapeutics has seen progress in the development of the antibody STI-1499, which could serve as an effective treatment in blocking the virus.
SAN DIEGO COUNTY, Calif. — Mayor Kevin L. Faulconer on Thursday highlighted the encouraging progress the local life-science industry is making in the global effort to develop treatments and vaccines to combat COVID-19.
Mayor Faulconer was joined by Joe Panetta, President and CEO of Biocom; Dr. Henry Ji, Chairman and CEO of Sorrento Therapeutics; and Dr. Kate Broderick, Senior Vice President of Research and Development at Inovio Pharmaceuticals.
“San Diego has been a leader in slowing the spread of COVID-19, a leader in safely reopening amid COVID-19, and I truly believe will be a leader in developing an effective treatment to stop COVID-19,” said Mayor Faulconer.
In April, Mayor Faulconer toured the Sorrento Therapeutics facility to see first-hand the groundbreaking antibody development. Recently, Sorrento Therapeutics saw progress in the development of the antibody STI-1499, which could serve as an effective treatment in blocking the virus.
“Sorrento Therapeutics is a San Diego-based biopharmaceutical company with a FDA approved product and multiple products in late stage clinical development in cancers and non-opioid pain management,” said Ji of Sorrento Therapeutics.
INOVIO was one of the first in the nation to move to clinical trials for a vaccine to COVID-19 in humans and recently shared positive results from the first phase of clinical trials where the experimental vaccine produced antibodies and immune system responses in animals.
“Inovio is a proud San Diego based biotech company who is a leader in the critical development of a vaccine against COVID-19,” said Broderick of Inovio Pharmaceuticals.
San Diego is home to one of the nation’s main clusters of life science organizations, many of which are leading the national effort in the fight against COVID-19 through the development of potentially life-saving vaccines, immunotherapies, testing and treatments.
“Biocom and the life science industry appreciate Mayor Faulconer’s leadership throughout the pandemic – from early thoughtful response to supporting our work to advance innovative solutions,” said Panetta of Biocom.
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