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Sorrento Awarded NIH Grant to Advance Immunotherapy Targeting Idiopathic Pulmonary Fibrosis (IPF)
Date:8/26/2014

n>, a widely recognized expert on developmental signaling pathways in chronic lung disease, including IPF.

"New anti-fibrotic drugs are desperately needed to treat IPF, which is a progressive, chronically debilitating clinical syndrome with unknown etiology and a terminal outcome. Therefore, we are grateful to NHBLI and NIH for their support of our anti-WISP1 antibody program," said Henry Ji, Ph.D., President and Chief Executive Officer of Sorrento. "In addition, we are very excited to have received our third NIH grant this year supporting our innovative immunotherapies based on Sorrento's G-MAB antibody library, which will allow Sorrento to advance several antibody programs targeting unmet medical needs outside of oncology."

About Sorrento Therapeutics, Inc.
Sorrento is an oncology company developing new treatments for cancer and associated pain. Sorrento's most advanced asset Cynviloq™, the next-generation paclitaxel, commenced its registrational trial in March 2014 and is being developed under the abbreviated 505(b)(2) regulatory pathway. Sorrento is also developing RTX, a non-opiate TRPV1 agonist currently in a Phase 1/2 study at the NIH to treat terminal cancer patients suffering from intractable pain. The Company has made significant advances in developing human monoclonal antibodies, complemented by a comprehensive and fully integrated antibody drug conjugate (ADC) platform that includes proprietary conjugation chemistries, linkers, and toxic payloads. Sorrento's strategy is to enable a multi-pronged approach to combating cancer with small molecules, mono- and bispecific therapeutic antibodies, and ADCs.

More information is available at www.sorrentotherapeutics.com.

Forward-Looking Statements
This press release contains forward-looking statements under the safe harbor provisions of Section 21E of the Private Securities Litiga
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SOURCE Sorrento Therapeutics, Inc.
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