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Aurinia Pharmaceuticals Inc - AUPH STOCK NEWS

Welcome to our dedicated page for Aurinia Pharmaceuticals news (Ticker: AUPH), a resource for investors and traders seeking the latest updates and insights on Aurinia Pharmaceuticals stock.

Aurinia Pharmaceuticals Inc (symbol: AUPH) is a cutting-edge biopharmaceutical company headquartered at 5120-75 street, Edmonton, Canada. Specializing in the treatment of serious diseases with high unmet medical need, Aurinia is committed to providing innovative therapeutic solutions to patients worldwide. The company's flagship product, LUPKYNIS (voclosporin), is an investigational drug designed for the treatment of lupus nephritis (LN), a severe renal complication of lupus. This groundbreaking treatment underscores Aurinia's focus on developing life-changing medications.

In recent years, Aurinia Pharmaceuticals has made significant strides in its research and development efforts, particularly in the United States, where it derives the majority of its revenue. The company has forged strategic partnerships with leading healthcare organizations and continues to explore new avenues for growth and innovation.

Financially, Aurinia has demonstrated strong performance, with consistent revenue growth driven by its robust pipeline of investigational drugs. The company's commitment to advancing its clinical programs and securing regulatory approvals positions it well for sustained success in the biopharmaceutical industry.

With a dedicated team of experts and a clear vision for the future, Aurinia Pharmaceuticals is poised to make a lasting impact on global healthcare. Investors and stakeholders can stay updated on the latest developments, financial results, and strategic initiatives through the company's regular news updates and investor relations communications.

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Aurinia Pharmaceuticals announced that the European Commission has granted marketing authorization for LUPKYNIS (voclosporin) to treat adults with active lupus nephritis, marking it as the first oral treatment approved in both the U.S. and Europe. This approval will trigger a $30 million milestone payment, expected to be recognized as revenue in Q3. The decision is based on positive results from pivotal Phase 3 studies. LUPKYNIS is also under review in Great Britain and Switzerland, with further milestone payments linked to its success.

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Aurinia Pharmaceuticals reported a net revenue of $28.2 million for Q2 2022, significantly up from $6.6 million in Q2 2021. The company maintains its 2022 revenue guidance of $115-$135 million, mainly from its drug, LUPKYNIS® (voclosporin). The patient treatment count has risen to 1,274, with strong conversion rates and payor coverage. However, the net loss for the quarter was $35.5 million, an improvement from a $47 million loss in the prior year. Aurinia also reported $391.7 million in cash and investments as of June 30, 2022, ensuring adequate liquidity for upcoming operations.

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Aurinia Pharmaceuticals (NASDAQ:AUPH) announced the grant of inducement stock options and restricted stock units (RSUs) to new executives and employees. The Compensation Committee approved 488,095 stock options and 290,343 RSUs for new executives Volker Knappertz and Scott Habig, alongside 123,100 stock options and 73,700 RSUs for ten new employees. The options have an exercise price of $8.18, the stock's closing price on July 29, 2022, and vest over three years. This aligns with Nasdaq Listing Rule 5635(c)(4) for inducement grants.

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Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) announced that the U.S. Patent Trial and Appeal Board (PTAB) has decided to institute an Inter Partes review of Patent No. 10,286,036, related to the dosing protocol of LUPKYNIS® for lupus nephritis. CEO Peter Greenleaf expressed disappointment but affirmed the Company's commitment to defend the patent. This patent provides protection until 2037. Aurinia also filed for a patent term extension for its existing composition patent, potentially extending its term to October 2027. A patentability determination is expected by July 26, 2023.

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Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) will release its second-quarter 2022 financial and operational results on August 4, 2022, before market opening. A conference call and webcast will take place at 8:30 am ET to discuss these results and provide a business update. Interested parties can join through a toll-free number or via the company's website. Aurinia, headquartered in Victoria, British Columbia, is focused on therapies for serious diseases, notably its FDA-approved oral treatment, LUPKYNIS® (voclosporin), for lupus nephritis.

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Aurinia Pharmaceuticals has received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) for its drug voclosporin (LUPKYNIS) to treat adults with active lupus nephritis. This recommendation is based on data from the Phase 3 AURORA 1 and AURORA 2 studies, which showed voclosporin was safe for up to three years. A decision from the European Commission is anticipated in two months. LUPKYNIS is already approved in the U.S. as the first oral treatment for this condition.

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Aurinia Pharmaceuticals (NASDAQ: AUPH) announced the appointment of three key executives to strengthen its leadership team. Volker Knappertz, MD, will serve as Executive Vice President of Research and Development, enhancing the R&D function. Scott Habig takes on the role of Chief Commercial Officer to drive further success for LUPKYNIS®, the company’s first FDA-approved product. DeDe Sheel joins as Vice President of Investor Relations, focusing on improving investor engagement. Former CCO Max Colao is leaving Aurinia for personal reasons, marking a significant shift in the company's executive landscape.

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Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH) announced the grant of inducement stock options and restricted stock units (RSUs) to 11 new employees. The stock options total 93,200 shares, with an exercise price of $11.38, vesting over three years. An additional 54,300 RSUs were also granted, vesting in three equal annual installments starting June 6, 2023. These grants adhere to Nasdaq Listing Rule 5635(c)(4) and aim to attract talent to support the company’s mission in treating autoimmune diseases.

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Aurinia Pharmaceuticals (NASDAQ:AUPH) presented data at EULAR 2022 showing the efficacy of LUPKYNIS (voclosporin) in treating lupus nephritis (LN). The pooled analysis from the AURA-LV and AURORA 1 studies indicated that patients treated with voclosporin substantially met the European Alliance of Associations for Rheumatology's proteinuria treatment targets. At 12 months, 52.6% achieved UPCR ≤0.7 mg/mg compared to 33.1% in the control group. Dr. Anders noted this could lead to better long-term kidney health outcomes. LUPKYNIS was well tolerated with no unexpected safety signals.

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Aurinia Pharmaceuticals presented significant findings on LUPKYNIS (voclosporin) at the 59th European Renal Association Congress in May 2022, demonstrating its long-term safety and efficacy for treating lupus nephritis (LN).

In the AURORA 2 study, LUPKYNIS showed a clinically relevant preservation of kidney function over three years, with no new safety signals. The study found comparable serious adverse event rates between voclosporin and control, indicating its well-tolerated profile. Additionally, early treatment responses were observed across various biopsy classes, reinforcing voclosporin's role in managing LN effectively.

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FAQ

What is the current stock price of Aurinia Pharmaceuticals (AUPH)?

The current stock price of Aurinia Pharmaceuticals (AUPH) is $9.03 as of December 20, 2024.

What is the market cap of Aurinia Pharmaceuticals (AUPH)?

The market cap of Aurinia Pharmaceuticals (AUPH) is approximately 1.3B.

What does Aurinia Pharmaceuticals Inc. specialize in?

Aurinia Pharmaceuticals specializes in developing treatments for serious diseases with high unmet medical need, including lupus nephritis.

Where is Aurinia Pharmaceuticals Inc. located?

Aurinia Pharmaceuticals Inc. is headquartered at 5120-75 street, Edmonton, Canada.

What is LUPKYNIS (voclosporin)?

LUPKYNIS (voclosporin) is an investigational drug developed by Aurinia for the treatment of lupus nephritis.

Where does Aurinia Pharmaceuticals derive most of its revenue?

Aurinia Pharmaceuticals derives the majority of its revenue from the United States.

What recent achievements has Aurinia Pharmaceuticals accomplished?

Aurinia has made significant progress in its R&D efforts, particularly with LUPKYNIS, and has formed strategic partnerships to advance its clinical programs.

How can investors stay updated on Aurinia Pharmaceuticals' latest news?

Investors can stay updated through the company's regular news updates and investor relations communications.

What is the significance of LUPKYNIS for Aurinia Pharmaceuticals?

LUPKYNIS is a key product in Aurinia's portfolio, targeting lupus nephritis and showcasing the company’s innovative capabilities.

What type of diseases does Aurinia Pharmaceuticals focus on?

Aurinia focuses on serious diseases with a high unmet medical need, such as lupus nephritis.

Has Aurinia Pharmaceuticals formed any partnerships?

Yes, Aurinia has formed strategic partnerships with leading healthcare organizations to advance its clinical programs.

What is the outlook for Aurinia Pharmaceuticals’ future?

With a robust pipeline and ongoing R&D efforts, Aurinia Pharmaceuticals is well-positioned for sustained success in the biopharmaceutical industry.

Aurinia Pharmaceuticals Inc

Nasdaq:AUPH

AUPH Rankings

AUPH Stock Data

1.30B
132.45M
7.21%
42.72%
4.8%
Biotechnology
Pharmaceutical Preparations
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United States of America
EDMONTON