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Aurinia Pharmaceuticals, Voclosporin Updates, Analysts Target Price and 2018 Outlook

NEW YORK, NY / ACCESSWIRE / March 20, 2018 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies, is issuing a comprehensive report with no obligation on Aurinia Pharmaceuticals Inc. (AUPH), a clinical stage biopharmaceutical company focused on developing and commercializing therapies to treat targeted patient populations that are suffering from serious diseases with a high unmet medical need. The company's lead drug candidate is Voclosporin.

On October 20, 2017, they announced plans to pursue additional indications for voclosporin, representing an expansion of the Company's strategy, pipeline, and commercial opportunities.

Aurinia announced it has received this year's Company of the Year Award from LifeSciences BC. The 2018 LifeSciences BC award winners will be recognized at this year's annual dinner presented by FARRIS, held on April 19, 2018 in Vancouver.

Read more about Voclosporin, and get the analysts rating and target price: READ MORE.

Copy and paste to your browser may be required to view the report - http://bit.ly/2poV7TX-AUPH-Report.

In 2017, AUPH raised net proceeds of $162.3 million from the March 20, 2017 public offering and received $12.8 million from the exercise of warrants and options. As a result, at December 31, 2017, they had cash, cash equivalents and short-term investments of $173.5 million and working capital of $167.1 million compared to $39.6 million of cash and $33.5 million of working capital at December 31, 2016. Net cash used in operating activities was $41.2 million for the year ended December 31, 2017, compared to $18.7 million for the year ended 2016.

Review the FYE and Q4 financial data, and the company recent highlights here: READ MORE.

Copy and paste to your browser may be required to view the report - http://bit.ly/2poV7TX-AUPH-Report.

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SOURCE: Traders News Source