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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Kevin Tang has been appointed as the new CEO of Aurinia Pharmaceuticals on March 27, amid strong sales growth of Lupkynis, which increased by 25.5% year-over-year to reach $271.3 million in 2025. The company also issued sales guidance for 2026, projecting between $305 million and $315 million. On March 31, Kezar Life Sciences agreed to be acquired by Aurinia, with Kezar shareholders set to receive $6.95 in cash per share plus a non-transferable contingent value right. The deal is expected to close in the second quarter of 2026, and Kezar's board unanimously approved the transaction, while law firms are investigating whether the board breached fiduciary duties.