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Sorrento Therapeutics is a publicly-traded, development-stage biopharmaceutical company focused on the acquisition, discovery, development and commercialization of novel and proprietary therapeutics for the treatment of a variety of disease conditions, including cancer, inflammation, metabolic and infectious diseases. Sorrento’s objectives are, proforma for our planned acquisition of IGDRASOL: (i) to develop and commercialize its late-stage, oncolytic drug candidate Cynviloq™ for multiple cancer indications, and (ii) to identify drug development candidates derived from its proprietary human antibody libraries and, either independently or through partnerships, advance selected targets into preclinical or clinical development.