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Sun Pharma to Acquire Concert Pharmaceuticals for $576M

Adds Deuruxolitinib, a potential best-in-class oral JAK inhibitor for the treatment of alopecia areata.

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By: Kristin Brooks

Managing Editor, Contract Pharma

Sun Pharmaceutical Industries and Concert Pharmaceuticals, Inc. entered a definitive agreement under which Sun Pharma will acquire Concert through an upfront payment of $576 million. Concert stockholders will also receive up to an additional $3.50 per share of common stock in cash, payable upon deuruxolitinib achieving certain sales milestones.   Concert is a late-stage biotechnology company pioneering the use of deuterium in medicinal chemistry. Concert has an extensive patent portfolio, incl...

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