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BMY - Aurinia falls 28% following amid mixed shelf offering skepticism on buyout rumors
Bristol-Myers Squibb Company
Shares of Aurinia Pharmaceuticals (AUPH -28.8%) are down 28% today after filing for a mixed shelf offering late Friday. The offering is for common shares, debt securities, and warrants. Some investors see the offering as sign that a potential buyout of Aurinia may not happen. Last month, it was reported Bristol-Myers Squibb (BMY +0.4%) was interested in the company.