Sorrento Therapeutics, based out of San Diego, on Friday said that an antibody that it had been developing has proved highly effective in blocking the novel coronavirus in lab tests that have been conducted. This marks a possible first step in the creation of a drug that can be used to battle the novel coronavirus.
And their stock skyrockets
Unfortunately we live in such an era of disinformation it it impossible to know if this sort of announcement has merit or not.
There are similar news about other companies, Distributed Bio/Centivax for example. Their outcome is more reliable in my view.