Full Press Release Details
Announces Change to Its Board of Directors
VICTORIA, British Columbia--(BUSINESS WIRE)--March 6, 2015--Aurinia
Pharmaceuticals Inc. ("Aurinia" or the "Company") (NASDAQ:AUPH /
TSX:AUP) today announced that Mr. Kurt von Emster has tendered his
resignation as a member of the Aurinia Board of Directors, effective
March 6th, 2015. This decision is driven by Mr. von Emster's departure
from the employment of venBio LLC ("venBio"), and the retained right of
venBio to put forward a nominee of their choice for election onto the
Aurinia Board of Directors.
"The Company very much wants to thank Kurt for his contributions and
thoughtful input over the course of his tenure. We are very appreciative
of everything that Kurt has brought to us," said Dr. Richard Glickman,
Chairman of Aurinia's Board of Directors.
Aurinia is a clinical stage pharmaceutical company focused on the global
nephrology market. It is currently enrolling patients in its Phase 2b
clinical trial to evaluate the efficacy of its drug, voclosporin, as a
treatment for lupus nephritis ("LN"). LN is an inflammation of the
kidneys, that if inadequately treated can lead to end-stage renal
disease, making LN a serious and potentially life-threatening condition.
Voclosporin is a novel and potentially best in class calcineurin
inhibitor ("CNI") with extensive clinical data in over 2,600 patients in
other indications. Voclosporin is made by a modification of a single
amino acid of the cyclosporine molecule (a CNI approved for use in
transplant patients since 1983). This modification results in a more
predictable pharmacokinetic and pharmacodynamic relationship, an
increase in potency vs. cyclosporine, an altered metabolic profile, and
potential for flat dosing.
Aurinia also has development and commercialization partners in Canada,
Israel, South Africa and Greater China. Visit www.auriniapharma.com,
www.sedar.com and www.sec.gov for more information.
Aurinia Pharmaceuticals Inc.
Stephen Zaruby, 250-708-4293
& Chief Executive Officer
Michael R. Martin, 250-708-4272