Welcome to our dedicated page for Aurinia Pharmace news (Ticker: AUPH), a resource for investors and traders seeking the latest updates and insights on Aurinia Pharmace stock.
Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) news covers the company’s progress as a biopharmaceutical issuer focused on therapies for autoimmune diseases with high unmet medical needs. Investors and followers of AUPH can use this page to review company‑issued updates, financial announcements and clinical data disclosures that shape the outlook for its products and pipeline.
News releases from Aurinia frequently highlight commercial performance and medical data for LUPKYNIS (voclosporin), which the company describes as the first FDA‑approved oral therapy for adult patients with active lupus nephritis. Regular quarterly earnings announcements detail trends in net product sales of LUPKYNIS, license, collaboration and royalty revenue, net income and cash flows. These updates are often accompanied by guidance ranges for total revenue and net product sales, as well as information on the company’s share repurchase plan.
In addition to financial results, Aurinia’s news flow includes clinical and scientific milestones. The company has reported post‑hoc analyses from the AURORA 1 trial, real‑world data from the ENLIGHT‑LN registry and new mechanistic findings on voclosporin, often presented at major rheumatology and nephrology meetings. Separate announcements describe progress with aritinercept (AUR200), a dual BAFF and APRIL inhibitor, including Phase 1 study results and plans for further clinical development in autoimmune diseases.
Visitors to this AUPH news page can review a stream of earnings releases, pipeline updates, medical conference presentations and regulatory‑related communications drawn from company press releases and SEC‑referenced materials. This provides a centralized view of how Aurinia communicates its commercial performance, clinical findings and strategic steps in autoimmune disease drug development.
Aurinia Pharmaceuticals reported strong Q2 2024 financial results, with total net revenue of $57.2 million, up 38% year-over-year. Net product revenue reached $55.0 million, a 34% increase. The company generated $15.8 million in free cash flow and had $330.7 million in cash and investments as of June 30, 2024. Aurinia narrowed its 2024 net product revenue guidance to $210-$220 million. The company also announced plans to advance AUR200, a potential next-generation therapy for autoimmune diseases. LUPKYNIS showed strong growth with 2,336 patients on therapy, a 22% increase from the previous year. Aurinia expects Japanese regulatory approval for LUPKYNIS in the second half of 2024.
Aurinia Pharmaceuticals (NASDAQ: AUPH) has announced it will release its second quarter 2024 financial and operational results on Thursday, August 1, 2024, before markets open. The company's management team will host a conference call and webcast at 8:30 am ET on the same day to review the results and provide a general business update. Interested participants can join via phone or audio webcast, with a replay available on Aurinia's website afterwards.
ILJIN SNT Co., , a major shareholder of Aurinia Pharmaceuticals (NASDAQ: AUPH), issued an open letter urging the company's board to respect the shareholder votes from the recent AGM. The 2024 AGM saw four directors, including CEO Peter Greenleaf, receiving less than majority support, triggering a call for their resignations as per the company's Majority Voting Policy. ILJIN emphasizes the importance of this change to enhance management performance and improve the company's stock performance. They plan to remain vigilant and advocate for new directors who can implement strategic changes to restore shareholder value.
Aurinia Pharmaceuticals (NASDAQ: AUPH) announced participation in key investor healthcare conferences. The management team will engage in one-on-one meetings with investors at the Leerink Partners Therapeutics Forum in Boston on July 9-10, 2024. Additionally, they will attend the 3rd Annual H.C. Wainwright Virtual Kidney Conference on July 15, 2024. These events aim to foster investor relations and provide updates on Aurinia's therapeutic advancements.
Aurinia Pharmaceuticals announced the results of its 2024 annual general meeting held on June 14, 2024. Shareholders re-elected five of nine incumbent directors. Four directors, including CEO Peter Greenleaf, received less than majority support and have submitted conditional resignations. The Board will decide on these resignations within 90 days. The re-appointment of PricewaterhouseCoopers as the independent auditor was approved. However, the advisory vote on executive compensation and the proposed amendment to the equity incentive plan did not receive majority support. The current equity incentive plan remains unchanged. Aurinia is committed to enhancing shareholder value and advancing its lupus nephritis treatment, LUPKYNIS.
Aurinia Pharmaceuticals presented data at the EULAR Congress 2024 showing the safety and efficacy of LUPKYNIS® (voclosporin) for treating lupus nephritis (LN). The data, from the AURORA Clinical Program, demonstrated that a triple immunosuppressive therapy using LUPKYNIS plus lower-dose MMF and low-dose steroids reduced proteinuria and steroid exposure more effectively than a dual therapy with high-dose glucocorticoids. Results indicated a >50% reduction in steroid exposure and faster achievement of urine protein creatinine ratio (UPCR) <0.5 mg/mg at six months. These findings support guidelines recommending LUPKYNIS as an initial therapy for active LN.
Aurinia Pharmaceuticals (NASDAQ: AUPH) has issued a response to a letter from Lucien Selce, raising concerns about his proposals and credibility. The company highlights its strategic focus on commercial execution, maximizing free cash flow, and advancing its autoimmune pipeline. Aurinia reports having over $320M in cash and equivalents and being debt-free. The company criticized Selce's lack of transparency and specific strategy, noting his concerning background in illegal activities. Aurinia supports the re-election of its current board, as recommended by Glass Lewis. Recent positive business developments include a 46% increase in total net revenue and a 40% rise in net product revenue year-over-year.
Aurinia Pharmaceuticals (NASDAQ: AUPH) has filed a supplement to its Proxy Statement dated June 3, 2024. The supplement aims to reduce the proposed increase in shares reserved under the Equity Incentive Plan from 11,375,000 to 8,500,000. The revised total increase of 8,500,000 Plan Shares now represents 22.7% of total shares outstanding as of April 30, 2024. The supplement amends the Proxy Statement to decrease the number of Plan Shares from 35,190,115 to 32,315,115. Shareholders are encouraged to read the supplement alongside the Proxy Statement. The document is available on Aurinia's website and on EDGAR and SEDAR+.
Lucien Selce, who owns 2.2% of Aurinia Pharmaceuticals (NASDAQ: AUPH), has urged shareholders to withhold support for CEO Peter Greenleaf and the current Board of Directors in the upcoming AGM on June 14, 2024. Selce accuses the Board of manipulating AGM dates to benefit from stock-based compensation and depriving certain shareholders of their voting rights. A leading proxy advisory firm, ISS, has also recommended withholding support for three directors and voting against proposed executive compensation. Selce highlights the stock's decline from $10.71 to $5.42 and suggests a new Board and CEO to rejuvenate Aurinia's performance and governance.
Aurinia Pharmaceuticals (NASDAQ: AUPH) announced its participation in the 2024 Jefferies Global Healthcare Conference in New York, scheduled from June 4-6, 2024.
The company's management will engage in one-on-one meetings with investors and deliver a presentation on June 5 from 8:00 to 8:25 AM Eastern Time.
A live webcast of the session will be accessible via the Investor section of Aurinia's website.