Aurinia Pharmace Stock Price, News & Analysis

Aurinia Pharmaceuticals announced it will release its third quarter 2022 financial and operational results on November 3, 2022, before market opening. The company’s management will host a conference call and webcast at 8:30 am ET on the same day to discuss the results and provide a business update. Participants can join the call by dialing 877-407-9170 (U.S. and Canada) or via the company’s website. Aurinia is known for its FDA-approved treatment LUPKYNIS® for lupus nephritis, aiming to meet high medical needs in targeted patient populations.

Aurinia Pharmaceuticals (NASDAQ:AUPH) announced that data from various studies of LUPKYNIS® (voclosporin) will be presented at the American Society of Nephrology (ASN) Kidney Week 2022 in Orlando, Florida, from November 3-6. The presentations will highlight LUPKYNIS's long-term safety and efficacy in treating active lupus nephritis (LN), a severe complication of systemic lupus erythematosus (SLE). Notable studies include efficacy over three years and a prospective registry of patients treated with voclosporin.

Aurinia Pharmaceuticals (NASDAQ:AUPH) announced the granting of inducement stock options and restricted stock units (RSUs) to four new employees. A total of 20,800 stock options priced at $7.52 per share and 12,500 RSUs were granted, effective October 3, 2022. The stock options vest over three years, with one-third vesting after one year, while the RSUs vest in three annual installments. This opportunity is aligned with Nasdaq Listing Rule 5635(c)(4) and aims to attract talent critical to the company’s mission of addressing autoimmune diseases.

Aurinia Pharmaceuticals announced five abstracts on the long-term safety and efficacy of voclosporin, particularly for Latino patients with Class V lupus nephritis, ahead of ACR Convergence 2022 in Philadelphia from November 10-14. The presentations highlight voclosporin’s effectiveness in managing proteinuria and its safety over extended use. Aurinia also emphasized its commitment to autoimmune disease treatment with a focus on AUR200, a pre-clinical asset. This reinforces the company's strategic position in the lupus nephritis treatment market.

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.

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.

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.

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.

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.