Sun Pharma completed the acquisition of Concert Pharmaceuticals for $427m.

Sun Pharma, the world's fourth largest specialty generic pharmaceutical company, completed the acquisition of Concert Pharmaceuticals, a late-stage clinical biopharmaceutical company, for $427m. "We are pleased to enter into this exciting transaction with Sun Pharma, which delivers substantial value to our shareholders and is the outcome of a thorough review process overseen by the Concert Board. Our mission at Concert has always been to translate innovative science to clinical solutions in order to meaningfully improve patients’ lives. We are proud to see our team’s accomplishment – creating a valuable new drug candidate for a major, underserved disease – appropriately recognized and valued by Sun Pharma as a means to expand their ongoing, international commitment to dermatology. I am confident that this transaction will maximize value for our shareholders and enhance access to deuruxolitinib for patients with Alopecia Areata," Roger Tung, Concert President and CEO.