After hours brought news of two late breaking clinical results
Aurinia Pharmaceuticals Inc. has been selected to present late breaking oral presentations at two upcoming medical conferences. These include: 1) The 54th European Renal Association-European Dialysis and Transplant Association’s (ERA-EDTA) Congress; and 2) the Annual European Congress of Rheumatology (EULAR) 2017, on June 3th-6th, 2017, Madrid, Spain and June 14-17, Madrid, Spain, respectively.
As noted on the Aurinia web site: "The selection of the 48-week data from our successful AURA-LV Phase 2 study for two late-breaking oral presentations during these key medical meetings underscores the high impact of the results to the broader physician community, said Neil Solomons, M.D., Aurinia’s Chief Medical Officer. “We look forward to sharing our findings and highlighting the importance of developing a potential therapy for active lupus nephritis."
Presentation 1: Steroid-Sparing Efficacy of Voclosporin in Active Lupus Nephritis: Stable Kidney Function and BP Without Electrolyte Complications at 48 Weeks
Presentation 2: 48 Week Complete Remission of Active Lupus Nephritis With Voclosporin
Those presentations serve to remind us why we stay invested and excited about the prospects for this company in the future. The institutional investors who shorted this so heavily after the dilution are doing a classic job of wresting shares away from the nervous retailers who are susceptible to the water torture tactics which have taken this stock down to its current level. However, many of us recognize what is happening and can ride it out knowing that there is nothing except good news surrounding the product Voclosporin. It will be a great day when we awaken to the announcement of a buyout 5 or 6 times its current value. Hang in there longs, better days are ahead.
ReplyDeleteCompletely agree. And today's price movement proves for me that this take down over that last week or so is just BS. Happy to say I didn't sell a share, and hope that my fellow longs were not tricked.
DeleteIt's starting to feel like we will be getting more news and data about Vocs potential outside of LN. We know we have a blockbuster LN drug on our hands, and it's hard to even contemplate the drugs potential for all the other diseases and conditions we're starting to realize would benefit from Voclosporin...and there are many!
ReplyDeleteIts good to have a site that welcomes good information and a fair discussion of ideas. I am long AUPH. Dr. Glickman has a plan to keep the stock price up as much as possible. he will release current number of patients enrolled and I believe he will start phase 2 of Voclosporin as a better drug for eyes than cyclosporine. They have the funds to enroll patients quickly plus there are other potential diseases where voclosporin would be effective. I personally don't believe there will be a buyout as Auph has the personnel with the knowledge to get the highest value for the drug by selling it themselves in the United States and probably Europe. there may be deals for Japan, China and other parts of the world. I think every DR. is aware of this company and its drug. I believe it will immediately grab huge market share and may be approved as soon as the 52 week data is released. I am long all the way. Just my 2 cents Mark
DeleteGreat post! It does seem that Glickman wants to take it to market themselves. Is he just a good poker player??? Everyone has a price however, we just don't know what his is. Rights to China have already been sold off, but I do agree with a lot of your thinking.
DeleteCurrently Restasis (Cyclosporine) eye drops are pulling in $1.6 billion per year in the U.S. alone and growing at $150-$200 million per year. I'm eager for them to really push to enter this market as well given that Voc is a less toxic and more effective Cyclosporine.
$1.6b, and that's without the doggies!!
Delete