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Bristol Myers interested in buying Aurinia Pharma - Bloomberg News

Bristol Myers interested in buying Aurinia Pharma - Bloomberg News

10/23/2021 2:00:00 AM

Bristol Myers interested in buying Aurinia Phar ma - Bloomberg News

Bristol Myers Squibb Co has expressed interest in buying autoimmune disease drug developer Aurinia Phar maceuticals Inc , Bloomberg News reported on Friday, citing people familiar with the matter.

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.Reporting by Amruta Khandekar and Ruhi Soni; Editing by Devika Syamnath

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