Why Aurinia Pharmaceuticals Inc (AUPH) Shares Are Popping Higher

Published on April 21, 2017 at 9:03 am by Insider Monkey Team in Market Movers, News

Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) shares have popped more than 6% in the pre-market after the company released additional 48-week data from the AURA-LV study at the National Kidney Foundation 2017 Spring Clinical Meetings. The data showed continued improvements in renal and extra-renal outcomes, with renal function remaining stable across both voclosporin groups. In addition, 100% of patients in complete remission at week 24 stayed in complete remission at week 48 while on low dose voclosporin.

Chief Medical Officer Neil Solomons, MD said, ‘We are pleased by the recognition of the medical and scientific communities of the AURA study results. Beyond the remission rates we’ve shown with voclosporin, the significant improvement in SLEDAI scores points towards a durable, immunological effect on a broad range of clinically meaningful lupus outcomes. This data provides us with tremendous confidence that we can execute a successful Phase III program and make a meaningful impact on patients’ lives’.

Here is a link to more complete data for those of you interested.

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 higher after the biotech released additional 48-week data from the AURA-LV study. For more reading, check out ‘Best Hospitals in the World‘.