Broadly speaking, what's good for the retail industry is good for customer relationship management (CRM) king Salesforce (NYSE: CRM). The figures for Salesforce's home market of the U.S. were more encouraging; these rose by 9% to $68 billion. Salesforce's data indicates that the average discount rate was 27% globally, and even higher (30%) in the U.S. These exceeded the levels of pre-coronavirus pandemic Cyber Weeks, and were fueled by deals in the general apparel and makeup/skincare product categories. Read More...
Benzinga
Sorrento Touts Positive Early-Stage Trial Data From Oral COVID-19 Therapy
Sorrento Therapeutics Inc (NASDAQ: SRNE) released topline Phase 2 SAD/MAD study data of its oral main protease (Mpro) inhibitor, STI-1558, conducted in 58 healthy volunteers in Australia. The SAD portion of the study evaluated doses from 300 mg to 2,000 mg, and the MAD portion evaluated 300 mg, 600 mg, or 800 mg BID (twice daily) for 7.5 days. In addition to the Mpro inhibition, which can block viral replication, STI-1558 has cathepsin L inhibition, preventing viral entry into the host cell. Rel
