Bristol Myers interested in buying Aurinia Pharma - Bloomberg News
Reuters
Published Oct 22, 2021 05:38PM ET
(Reuters) - Bristol Myers (NYSE:BMY) Squibb Co has expressed interest in buying autoimmune disease drug developer Aurinia Pharmaceuticals (NASDAQ:AUPH) Inc, Bloomberg News reported on Friday, citing people familiar with the matter.
Aurinia's shares closed up nearly 27% on the news, giving it a market capitalization of $3.59 billion, according to Refinitiv data.
The report said no final decision has been made and that Bristol Myers could opt out of a potential deal.
Both Bristol Myers and Aurinia declined to comment on the matter.
Aurinia sells a treatment for a kidney disorder called lupus nephritis and is testing out treatments for other autoimmune and kidney diseases, according to its website.
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Written By: Reuters
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