Financial PerformanceAurinia reported third consecutive revenue beat this year with Lupkynis net product revenue incrementally above consensus, reinforcing confidence in achieving or possibly exceeding the net product revenue guidance of $210-220M.
Regulatory ApprovalAurinia announced that the Japanese Health Authorities have approved Lupkynis for the treatment of lupus nephritis, leading to an additional $10M milestone payment and potential royalties up to 20% on future sales in Japan.
Strategic OpportunitiesThe approval of Lupkynis in Japan could pave the way for an acquisition of Aurinia by Otsuka, marking a significant strategic development for the company.