Aurinia Establishes at-the-Market Facility
Aurinia Pharmaceuticals Inc. (NASDAQ:AUPH / TSX:AUP) (“Aurinia” or the “Company”) today announced that it has
entered into an Open Market Sale Agreement (the “Sale Agreement”) with Jefferies LLC (“Jefferies”) pursuant to which
the Company may from time to time sell, through at-the-market (“ATM”) offerings with Jefferies acting as sales agent or
directly to Jefferies acting as principal, such common shares in the capital of the Company (“Common Shares”) as would have
an aggregate offering price of up to US$30,000,000. Aurinia has also filed a prospectus supplement with securities regulatory
authorities in Canada in the provinces of British Columbia, Alberta and Ontario, and with the United States Securities and Exchange
Commission, which supplements Aurinia’s short form base shelf prospectus dated March 26, 2018, and Aurinia’s shelf registration
statement on Form F-10 dated March 26, 2018, declared effective on March 29, 2018. The listing of any shares sold pursuant to the
ATM offering is subject to the approval of the Toronto Stock Exchange and NASDAQ. Jefferies, at Aurinia’s discretion and
instruction, will use its commercially reasonable efforts to sell the Common Shares at market prices from time to time. Sales in
the ATM offering will only be conducted in the United States through NASDAQ or another exchange at market prices. No sales will be
conducted in Canada or through the Toronto Stock Exchange.
Aurinia currently intends to use the proceeds from sales related to the ATM offering, if any, to fund its operations, including
the clinical development and commercial production of voclosporin (whether for lupus nephritis (“LN”) or other indications),
regulatory, pre-marketing and commercialization preparation activities for potential approval of voclosporin, primarily for LN but
also potentially for other voclosporin indications, business development opportunities such as additional product in-licensing
transactions, additional clinical trials or acquisitions of other businesses or products, capital expenditures and working
capital.
Copies of the prospectus supplement and the accompanying prospectus relating to these securities may be obtained by contacting
Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, New York 10022, by
telephone at (877) 821-7388.
About Aurinia
Aurinia Pharmaceuticals is a clinical stage biopharmaceutical company focused on developing and commercializing therapies to
treat targeted patient populations that are suffering from serious diseases with a high unmet medical need. The company is
currently developing voclosporin, an investigational drug, for the potential treatment of lupus nephritis, focal segmental
glomerulosclerosis, and dry eye syndrome. The company is headquartered in Victoria, British Columbia and focuses its development
efforts globally. For further information, see our website at
www.auriniapharma.com.
Cautionary Note Regarding Forward-looking Statements
This press release contains forward-looking statements. Forward-looking statements in this press release include statements
about the possible sales of Common Shares and statements of the current intended use of proceeds from the sale of shares, if
any. The forward-looking statements may include, without limitation, statements that the net proceeds from the sale of the
Common Shares will be used primarily to fund its operations, including clinical development and commercial production of
voclosporin (whether for LN or other indications), regulatory, pre-marketing and commercialization preparation activities for
voclosporin primarily for LN but also potentially for other voclosporin indications, business development opportunities such as
additional product in-licensing transactions, additional clinical trials or acquisitions of other businesses or products, capital
expenditures and working capital. Such forward-looking statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, events or developments to be materially different from any future results, events or
developments expressed or implied by such forward-looking statements. Such risks and uncertainties include, among others,
the ability of the Company to protect its intellectual property rights, securing and maintaining corporate alliances and
partnerships, the need to raise additional capital and the effect of capital market conditions and other factors on capital
availability, the potential of its products, the success and timely completion of clinical programs, and the Company's ability to
successfully obtain regulatory approvals and commercialize voclosporin on a timely basis. These factors should be considered
carefully and readers are cautioned not to place undue reliance on such forward-looking statements. For additional
information on risks and uncertainties relating to these forward-looking statements, investors should review the prospectus
supplement and accompanying prospectus and consult the Company's ongoing quarterly filings, annual reports and the Annual
Information Form and other filings found on SEDAR at
www.sedar.com and on EDGAR at
www.sec.gov/edgar.
Investor Contact:
Celia Economides
VP, Corporate & Public Affairs
ceconomides@auriniapharma.com
or
Media Contact:
Christopher Hippolyte
212-364-0458
Christopher.Hippolyte@inventivhealth.com
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