Sor­ren­to ousts CFO as long-run­ning Covid-19 dra­ma con­tin­ues

The wild ride at Sor­ren­to keeps charg­ing ahead, though now with one less par­tic­i­pant.

CFO Jiong Shao has been un­cer­e­mo­ni­ous­ly boot­ed from the Cal­i­for­nia-based biotech, “ef­fec­tive im­me­di­ate­ly,” ac­cord­ing to a com­pa­ny SEC fil­ing Tues­day. Re­plac­ing him is Na­j­jam As­ghar, Sor­ren­to’s chief ac­count­ing of­fi­cer since June 2019. Shao’s fir­ing took place Mon­day and As­ghar was named his suc­ces­sor Tues­day, the fil­ing said.

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