Aurinia Pharmaceuticals Inc (AUPH)

[moosedogger]

Interesting ST post re current mess:

LongTimer2003
Bullish
AUPH

In many ways PG not to blame for situation...who is to blame?

#1 Robbie Foster - he was CEO of Isotechnika which launched VOC. He mismanaged VOC for 12 years before his ineptitude put VOC at brink of extinction. He even had positive results for psoriasis and renal transplant but decided not to pursue them. He wasted 12 of 20 years of patent life. Glickman saved the molecule but it took another 6+ years to get the company cleaned up and the LN treatment thru CT3. So PG took over a molecule with an expiring initial patent and did a good job in IMO to get an approved Process Patent in place to carry the LN application to 2037.

#2 US Patent Office - To grant a Process Patent for a product which a company then makes significant investments in based on the duration and then, early on in the term, the USPO agrees to review the patent and change terms is, for lack of a better word, disgusting! And, the review request is from a foreign parasitic vulture with ulterior motives.