Why Aurinia Pharmaceuticals Stock Is Crashing Today

George Budwell, The Motley Fool

May 6, 2021 at 5:33 p.m.·2 min read

Why Aurinia Pharmaceuticals Stock Is Crashing Today

Shares of Aurinia Pharmaceuticals (NASDAQ: AUPH), an early commercial-stage biotech, are down by 17% in after-hours trading Thursday afternoon. The biotech's stock is cratering in response to the company's 2021 first-quarter earnings report released after the closing bell today. Investors appear to be backing away from Aurinia today for one simple reason: Sales of the biotech's newly approved lupus nephritis medication Lupkynis (aka voclosporin) failed to break even $1 million during the first quarter of 2021.

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