Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) is in the spotlight on Monday after Cantor Fitzgerald initiated an ‘Overweight’ rating and a target of $14 per share. Cantor analyst Elemer Piros is bullish on the name due to his belief that Aurinia’s lead drug candidate, voclosporin, has shown ‘compelling efficacy’ (in his view) in the Phase 2 study, AURA-LV. Dr. Piros believes the commercial market opportunity could be as much as $1.6 billion in just the United States.
After surging sharply in early March, volatility surrounding Aurinia has inched lower as traders have digested much of the present news. Some traders believe shares of the Aurinia could be in focus later on this month, when the company hosts an Investor Event during the National Kidney Foundation Spring Clinical Meeting on April 20, 2017 at 6:00pm Eastern Time. The event is intended for sell-side analysts, investors, and business development professionals.
What Does The Smart Money Sentiment Say?
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Given that it’s a small company, none of the 742 elite funds in our database owned Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) at the end of Q4. That metric might change going forward, however.
The Bottom Line
Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) shares are in the spotlight today after Cantor Fitzgerald gave the thumbs up to the stock. For more reading, check out ‘11 Biggest Generic Drug Companies In the World‘.