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Aurinia-Isotechnika merger consolidates voclosporin rights ahead of lupus trial
Monday, March 4, 2013
Pharmaceuticals Inc. says reverse-merging with Isotechnika Pharma Inc.
gives investors what they want: a publicly traded entity with a simplified
ownership structure for voclosporin. The company is looking to raise $25-$28
million to start a Phase IIb trial of the calcineurin inhibitor in 3Q13 to
treat lupus nephritis, for which no drug is approved in the U.S.
Aurinia believes it can show
that voclosporin will provide additional benefit when added to mycophenolate
mofetil, which has become the de facto standard of care for lupus
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