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Sorrento OK'd For New $100M Ch. 11 DIP Loan In Texas

By Jeff Montgomery ( August 7, 2023, 9:29 PM EDT) -- Bankrupt drug developer Sorrento Therapeutics secured a Texas judge's approval Monday for a $100 million emergency replacement of an expired debtor-in-possession loan from Oramed Pharmaceuticals, after the debtor set aside a proposed $200 million offer for stock in non-debtor affiliate Scilex Holding Co....

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