Aurinia Announces Management Change and Grant of Stock Options
19 2월 2014 - 10:00PM
Aurinia Pharmaceuticals Inc. (TSX-V:AUP) ("Aurinia" or the
"Company") today announced that Dr. Robert Foster has decided to
resign from his current position as Chief Scientific Officer,
effective immediately, in order to pursue other opportunities. To
help facilitate the continued development of its lead product,
voclosporin, as an important new therapy for lupus nepthritis, Dr.
Foster has agreed to remain available to consult with the Company
on an as-needed basis.
Stephen Zaruby, Aurinia's President and CEO, said, "In the time
that I have worked with Dr. Foster, he has earned both my personal
admiration and professional respect. His contributions to the
development of voclosporin have been immeasurable and I sincerely
wish him the highest level of success in the future."
Dr. Foster commented, "I plan on continuing to monitor Aurinia's
progress closely. While the decision to leave the Company was a
difficult one for me, I am excited to embark on a new personal
journey of scientific discovery."
In addition, Aurinia announced that, pursuant to the Company's
Stock Option Plan, its board of directors has approved the granting
of incentive stock options to certain of its directors and officers
to acquire up to an aggregate of 1,192,200 common shares ("Common
Shares") of the Company at C$3.50 per Common Share for a period of
10 years.
The grant of incentive stock options is subject to receipt of
all requisite regulatory approvals, including, without limitation,
the approval of the TSX Venture Exchange.
About Aurinia
Aurinia is a clinical stage pharmaceutical company focused on
the global nephrology market. Its lead drug, voclosporin, is a
novel calcineurin inhibitor. Many members of Aurinia's current
leadership team are former senior managers of Aspreva
Pharmaceuticals ("Aspreva"), which Galenica acquired for C$915
million in 2008. While at Aspreva, this management team
executed one of the largest and most important lupus nephritis
studies ever conducted, called the Aspreva Lupus Management Study
("ALMS"), which resulted in the emergence of mycophenolate mofetil
as a new standard treatment for patients suffering from this
devastating and potentially fatal disease. Aurinia holds global
rights to all indications for voclosporin and has development and
commercialization partners in Canada, Israel, South Africa and
Greater China. Aurinia also holds certain rights to exploit
the ALMS database. More information is available at
www.auriniapharma.com.
Forward-looking Statements
This press release contains forward-looking statements. The
forward-looking statements may include, without limitation,
statements regarding the ability of the company to conduct clinical
trials and to obtain the necessary regulatory approvals for its
products.
Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results,
events or developments to be materially different from any future
results, events or developments expressed or implied by such
forward looking statements. Such risks and uncertainties include,
among others, the ability of the Company to protect its
intellectual property rights, securing and maintaining corporate
alliances and partnerships, the need to raise additional capital
and the effect of capital market conditions and other factors on
capital availability, the potential of its products, the success
and timely completion of clinical studies and trials, and the
combined company's and its partners' ability to successfully obtain
regulatory approvals and commercialize voclosporin on a timely
basis. These factors should be considered carefully and readers are
cautioned not to place undue reliance on such forward-looking
statements. For additional information on risks and uncertainties
relating to these forward-looking statements, investors should
consult the Company's ongoing quarterly filings, annual reports and
the Annual Information Form and other filings found on SEDAR at
www.sedar.com.
We seek Safe Harbour.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
CONTACT: Company Contact:
Stephen W. Zaruby
President & CEO
250-708-4293
szaruby@auriniapharma.com
Investor & Media Contact:
Stephen Kilmer
647-872-4849
stephen@kilmerlucas.com
Aurinia Pharmaceuticals (TSXV:AUP)
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Aurinia Pharmaceuticals (TSXV:AUP)
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