Au­rinia will ex­plore pos­si­ble sale, fol­low­ing push by share­hold­er

Au­rinia Phar­ma­ceu­ti­cals said it will start ex­plor­ing strate­gic al­ter­na­tives, in­clud­ing a po­ten­tial sale. The an­nounce­ment fol­lows calls by one of its ma­jor share­hold­ers, MKT Cap­i­tal.

“The board will con­sid­er a wide range of op­tions for the com­pa­ny in­clud­ing, but not lim­it­ed to, a po­ten­tial sale, merg­er, or oth­er strate­gic trans­ac­tion,” Au­rinia said in a press re­lease Thurs­day. It al­so said that two board di­rec­tors, chair George Milne and Joseph Ha­gan, were re­sign­ing af­ter fail­ing to win ma­jor­i­ty sup­port from share­hold­ers.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER