Sun Pharma Will Take Concert’s Alopecia Drug The Rest Of The Way

 
• By Joseph Haas
  
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Coming up after Lilly’s Olumiant and Pfizer’s ritlecitinib in alopecia areata, deuterated ruxolitinib is said to offer a differentiated profile including patient-reported outcomes data.

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Sun bids to buy Concert on the strenght of its alopecia candidate • Source: Shutterstock

Concert Pharmaceuticals, Inc. placed all of its hope on a deuterated formulation of ruxolitinib in alopecia areata, offloading other programs to bet on deuruxolitinib that it would offer a better safety and efficacy profile than Eli Lilly and Company’s approved JAK inhibitor Olumiant (baricitinib). But with cash dwindling, the US biotech is under agreement for sale to India’s Sun Pharmaceutical Industries Ltd., which said it wants the drug as an addition to its dermatology portfolio.

The two companies announced on 19 January that they have tentatively agreed to a tender offer of $8 per share...

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