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Aurinia Pharmaceuticals (NASDAQ: AUPH) announced a favorable assessment of LUPKYNIS™ (voclosporin) by the Institute for Clinical and Economic Review (ICER). The report, dated March 12, 2021, states LUPKYNIS is a cost-effective treatment for lupus nephritis (LN), particularly for African American patients. In clinical trials, LUPKYNIS nearly doubled complete response rates compared to standard therapy. ICER highlighted the drug's potential to reduce healthcare disparities. CEO Peter Greenleaf expressed optimism about LUPKYNIS' real-world value for patients and the healthcare system.
Aurinia Pharmaceuticals (NASDAQ: AUPH) announced participation in three upcoming investor conferences. The events include the Cowen 41st Annual Healthcare Conference on March 4, 2021, at 2:10 p.m. ET, the H.C. Wainwright Global Life Sciences Conference on March 9, 2021, at 7:00 a.m. ET, and the Oppenheimer’s 31st Annual Healthcare Conference on March 17, 2021, at 10:40 a.m. ET. Interested investors can access the live webcasts through the 'Investors' section on Aurinia's website. Aurinia specializes in therapies for serious diseases, notably the FDA-approved LUPKYNIS™ for lupus nephritis.
Aurinia Pharmaceuticals (NASDAQ: AUPH) reported its financial results for Q4 and the year ended December 31, 2020, showing significant growth following the FDA approval and launch of LUPKYNIS for lupus nephritis. Revenues surged to $50.1 million, primarily due to a $50 million upfront payment from Otsuka. Despite a net loss of $102.7 million for the year, the company holds $423 million in cash and investments, sufficient to support operations into 2023. R&D expenses decreased to $50.3 million, while corporate expenses surged due to commercial infrastructure buildup.
Aurinia Pharmaceuticals (NASDAQ: AUPH) announced that its executive management will participate in a fireside chat at the SVB Leerink 10th Annual Global Healthcare Conference on February 25, 2021, at 1:00 p.m. ET. Interested parties can access the audio webcast through the “Investors” section on Aurinia's website, with a replay available afterward. Aurinia specializes in biopharmaceuticals, notably launching LUPKYNIS™, the first FDA-approved oral therapy for adult patients with active lupus nephritis.
Aurinia Pharmaceuticals (NASDAQ: AUPH) is set to release its fourth quarter and year-end 2020 financial results on February 24, 2021, post-market. A conference call will follow at 4:30 PM ET to discuss these results and provide a general business update. The call can be accessed via dial-in or through an audio webcast on Aurinia's website. The company is known for its FDA-approved treatment, LUPKYNIS™, targeting adult patients with active lupus nephritis.
Aurinia Pharmaceuticals has received FDA approval for LUPKYNIS (voclosporin), the first oral therapy for treating adult patients with active lupus nephritis (LN). This innovative treatment significantly improves renal response rates and accelerates decreases in urine protein levels compared to standard therapies. Clinical trials indicated that LUPKYNIS is more than twice as effective at achieving complete renal response. Aurinia has initiated the Aurinia Alliance program to support patients. This approval is a significant advancement for the lupus community, addressing a critical unmet need.
Aurinia Pharmaceuticals (NASDAQ: AUPH) announced that its management will participate in upcoming virtual investor conferences. Key events include an on-demand fireside chat at the H.C. Wainwright Virtual BioConnect 2021 Conference starting January 11, 2021, at 6:00 a.m. EST, and a panel discussion led by Dr. Scott Gottlieb at 12:00 p.m. EST on the same day. Additionally, a fireside chat at the J.P. Morgan 39th Annual Healthcare Conference is scheduled for January 14, 2021, at 4:30 p.m. EST. Interested parties can access the webcasts on Aurinia's corporate website.
Aurinia Pharmaceuticals (NASDAQ: AUPH) has announced a collaboration with Otsuka Pharmaceutical Co., Ltd. for the development of oral voclosporin, aimed at treating Lupus Nephritis (LN) in multiple regions including the EU and Japan. Aurinia will receive an upfront payment of $50 million, with potential milestone payments of up to $50 million and tiered royalties on net sales ranging from 10% to 20%. Otsuka plans to file for marketing authorization in the EU in Q2 2021. This agreement underscores Aurinia's goal to expand access to voclosporin globally for LN patients.
