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Message
re: AUPH - Aurinia Pharmaceuticals
Posted on 12/17/20 at 10:45 am to jmcwhrter
Posted on 12/17/20 at 10:45 am to jmcwhrter
quote:
FDA just approved Benlysta as the first drug for lupus nephritis.. which is AUPH's only bullet in the gun
This guy on Stocktwits summed it up nicely.
quote:
One stock I'm adding to this morning is an old favorite, Aurinia Pharmaceuticals (AUPH) . There are two pieces of news impacting it. First is that GlaxoSmithKline (GSK) has received approval for a competing drug. This drug is widely believed to be inferior to AUPH's Voclosporin and the news has been anticipated.
The second piece of news is that AUPH has partnered with a Japanese company for sales of Voclosporin outside the U.S. This isn't negative news, but it does decrease the chances that AUPH will be bought out soon.
AUPH has an FDA decision coming in late January, which is very likely to be positive. I am building my position as I expect positive anticipation to build for the approval of their blockbuster drug.
1
Posted on 12/17/20 at 10:53 am to bayoubengals88
Just added 50 shares
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