Aurinia Board of Directors Appoints Dr. Robert T. Foster as New Board Director And Enters Cooperation Agreement with Shareholder MKT Capital
- Appointment of Dr. Foster brings deep biotech leadership experience
- Strategic review and commercialization of LUPKYNIS expected to create value
- None.
In connection with Dr. Foster’s appointment, MKT Capital has entered into a cooperation agreement with Aurinia. A complete copy of the cooperation agreement will be available on our profiles on EDGAR and SEDAR.
“We are appreciative of MKT’s constructive collaboration efforts. Dr. Foster brings talents which can help strengthen the Board even further. As the doctor who discovered voclosporin, and Aurinia’s founder, he has a wealth of institutional knowledge, deep biotech leadership experience, and has led successful mergers, acquisitions, and commercialization deals. These skills all will be helpful as we conduct our strategic review and continue the successful commercialization of LUPKYNIS,” said Dr. Daniel G. Billen, Aurinia’s Chair of the Board.
“We have been encouraged by our productive discussions with Aurinia’s Board and are pleased to have reached an agreement that will benefit all stakeholders. We are confident that meaningful value creation is on the horizon for Aurinia shareholders now that the Board has initiated a strategic review and made significant governance enhancements, including by replacing its Chair and appointing new directors to the Board. We look forward to supporting Dr. Foster and the rest of the Board as it oversees a comprehensive review of alternatives,” said Antoine Khalife, founder of MKT Capital.
Dr. Robert T. Foster is the CEO of Hepion Pharmaceuticals, based in
Today’s press release follows a recent announcement of the appointment of two new directors to Aurinia’s Board, Dr. Karen Smith and Jeffrey A. Bailey. Additionally, in June of this year, Aurinia announced the initiation of a review of strategic alternatives.
About Aurinia
Aurinia Pharmaceuticals is a fully integrated biopharmaceutical company focused on delivering therapies to treat targeted patient populations with a high unmet medical need that are impacted by autoimmune, kidney and rare diseases. In January 2021, the Company introduced LUPKYNIS® (voclosporin), the first FDA-approved oral therapy dedicated to the treatment of adult patients with active lupus nephritis. The Company’s head office is in
About MKT Capital Ltd.
Founded in 2012 by Antoine Khalife, MKT Capital Ltd. is an investment management firm which aims to deliver optimal risk-adjusted returns for its investors. For more information, contact Info@mkttacticalfund.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230921374177/en/
Aurinia Investor:
ir@auriniapharma.com
Aurinia Media Inquiries:
Andrea Christopher
Corporate Communications Director, Aurinia
achristopher@auriniapharma.com
MKT Capital Inquiries:
Longacre Square Partners
Charlotte Kiaie / Olivia McCann, 646-386-0091
MKTCapital@longacresquare.com
Source: Aurinia Pharmaceuticals Inc.