Patent ProtectionThe longevity of the Lupkynis patent protection in the U.S. remains an uncertainty with maximum composition of matter patent term extension ending in October 2027.
Revenue And Market RisksKey risks to the price target include revenue growth below guidance or significantly below expectations, unforeseen safety issues, and IP challenges that reduce market exclusivity.
Strategic PositioningAnalyst expresses disappointment that Aurinia will remain standalone, as more value could have been created with strategic synergies within a more established commercial organization.