Sun Pharma to Acquire Concert Pharmaceuticals for ~$576M

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Concert Pharmaceuticals


Sun Pharma to Acquire Concert Pharmaceuticals for ~$576M


  • Sun Pharma to acquire all outstanding shares of Concert. Concert stockholders will receive an up front of $8.00/share of common stock representing a premium of ~33% to 30-day volume, $576M in equity value. The transaction is expected to be close in Q1’23
  • Concert stockholders will receive a non-tradeable CVR for an additional $3.50/share of common stock if deuruxolitinib achieved net sales milestones incl. $1.00 & $2.50 per CVR payable ending on or before Mar 2027 & Dec 2029, net sales of deuruxolitinib are equal to or exceed $100M & $500M, respectively
  • The collaboration uses Sun Pharma's global infrastructure to provide broad access to deuruxolitinib for Alopecia Areata & strengthen Sun Pharma's dermatology franchise with the addition of a late-stage product. Concert plan to submit deuruxolitinib's NDA to the US FDA in H1’23

Ref: PRNewswire Image: Concert Pharmaceuticals

Related News:- Sun Pharmaceutical’ Sezaby Receives the US FDA’s Approval for the Treatment of Neonatal Seizures

Click here to­ read the full press release 

Senior Editor

Neha is a Senior Editor at PharmaShots. She is passionate and very enthusiastic about recent updates and developments in the life sciences and pharma industry. She covers Biopharma, MedTech, and Digital health segments along with different reports at PharmaShots. She can be contacted at connect@pharmashots.com.

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