Aurinia Pharmaceuticals Inc (AUPH)

[Canam]

Frankly, I don't think BP can afford to "not" buy them out, after this beat. I listened to the entire CC again and some parts 3 and 4x .I'm more convinced of the value here than I ever was before. I also think PG doesn't really want to sell. My opinion, but that's just what I took from his wording and inflection. Or maybe he is willing to sell but he isn't happy about it.

Either way, the numbers don't lie. AUPH has the momentum and the cash to survive on their own if need be.

No one really knows the potential yet for AUPH 200 and 300 (?), but that could cause a delay on a deal. PG might think it's better to wait and develop that pipeline to increase the premium.

Bottom line no one knows. But I do feel better about holding on to this position.