Aurinia Pharmaceuticals Higher on Patent News

(24/7 MARKET NEWS) – Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) reported, after yesterday’s market close, that the United States Patent and Trademark Office (USPTO) allowed a method of use patent application titled IMPROVED PROTOCOL FOR TREATMENT OF LUPUS NEPHRITIS. Aurinia’s newly allowed U.S. Patent Application (No. 17/713,140) reflects the unique and proprietary dosing regimen of its currently marketed product, LUPKYNIS.

Aurinia Pharmaceuticals is trading at $8.70, up $0.49 (+5.97%), on volume of 720 thousand shares traded.

Its 52-week range is $4.07 to $20.4752. It bounced off its low about a month ago and appears to be moving higher in a nice orderly fashion. Its next key inflection points are approximately $10, $12, and $13. If can break through the $13 resistance level, on stronger volume, it could try to challenge its February trading levels.

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