1Man2Stonks
2021-10-24
Omg what happened
Bristol-Myers Makes Takeover Approach to Aurinia Pharmaceuticals
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No final decision has been made and Bristol-Myers could opt against any potential deal, they said.</p>\n<p>Aurinia rose 27% to close at $28.00 in New York on Friday, giving the company a market value of about $3.6 billion.</p>\n<p>A spokesperson for Bristol Myers said the company wouldn’t comment on rumors. A representative for Aurinia declined to comment.</p>\n<p>Formally known as Isotechnika Pharma, Aurinia specializes in therapies for severe autoimmune diseases, according to its website. It recently introduced an oral therapy for adults with lupus nephritis, a kidney disorder.</p>\n<p>The talks come during a boom in health-care dealmaking, as large pharma companies look to broaden their suite of therapies via acquisitions. 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