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AUPH - Why Aurinia Pharmaceuticals Stock Was Surging on Friday
Aurinia Pharmaceuticals Inc
The stock of Aurinia Pharmaceuticals (NASDAQ: AUPH) was surging today after the company's second-quarter earnings call. A positive outlook for Lupkynis, its recently launched drug for lupus nephritis (LN), encouraged investors to drive the stock 21.5% higher as of 1:08 p.m. EDT on Friday.
All eyes were on Lupkynis sales when Aurinia reported second-quarter results after U.S. markets closed on Thursday. The company didn't disappoint, with product revenue that reached $6.6 million.