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Sorrento Approved For $105M Scilex Stock Sale In Ch. 11

By Vince Sullivan ( August 25, 2023, 7:32 PM EDT) -- Bankrupt drug developer Sorrento Therapeutics received approval Friday in Texas court for a $105 million sale of its stake in subsidiary Scilex Holding Co. after a bankruptcy judge declined to reopen the auction for those assets as requested by other Scilex shareholders who wished to make a bid....

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