Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
Sun Pharma: Speciality pipeline gets a boost
Financial Express Mumbai
|January 23, 2023
The deal will help gain access to Concert’s drug to treat baldness
-
SUN PHARMACEUTICAL INDUSTRIES has signed a definitive agreement to acquire 100% of U.S.-based Concert Pharma at $8 per share, i.e., $576 million to access the company's experimental drug for treating patchy baldness. As per the agreement, Concert shareholders will also get non-tradeable contingent value right worth $3.5 per
share i.e $252 million. The acquisition gives Sun Pharma global rights for Concert's product (CTP-543) being developed for the treatment of Alopecia Areata, an autoimmune dermatological disease. Concert is developing deuruxolitinib which is being evaluated for treatment for autoimmune condition alopecia areata, which results in patchy hair loss.
Concert has already completed phase III trial for the product while two open label long term extension studies are ongoing in US and EU.
Alopecia Areata affects more than
300,000 people in US each year.
This story is from the January 23, 2023 edition of Financial Express Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Mumbai
Financial Express Mumbai
US green card memo leaves key questions unanswered: Experts
A POLICY MEMORANDUM issued by the US Citizenship and Immigration Services (USCIS) last week has triggered concern among Indian professionals in the US over the future of employment-based green card applications.
1 mins
May 25, 2026
Financial Express Mumbai
Subsidy may top budget estimates by nearly 50%
Outgo on fertilisers may increase by over ₹1 lakh crore
3 mins
May 25, 2026
Financial Express Mumbai
India-bound LNG ship exits Hormuz for 1st time since war
A LIQUEFIED NATURAL gas tanker carrying a shipment for India has exited the Strait of Hormuz, the first for the country from the Persian Gulf since the Iran war began months ago as the region’s exporters discreetly supply key buyers.
1 min
May 25, 2026
Financial Express Mumbai
April fuel demand declines 4.6%; LNG imports dip 29.6%
INDIA'S PETROLEUM PRODUCT consumption declined 4.6% year-on-year (y-o-y) in April 2026, while natural gas consumption fell sharply and LNG imports plunged nearly 30%, signalling growing stress in the country’s energy demand amid elevated global fuel prices and disruptions linked to the West Asia crisis.
1 min
May 25, 2026
Financial Express Mumbai
Tata Sons board meets tomorrow amid tension
LISTING, CHANDRA’S 3RD TERM, CAPITAL DISCIPLINE ON AGENDA
2 mins
May 25, 2026
Financial Express Mumbai
US, Iran reach deal on Strait, says US official
THE UNITED STATES and Iran have agreed in-principle to a deal that would wind down the war in West Asia by reopening the Strait of Hormuz with a commitment from Iran to dispose of its highly enriched uranium, a senior US official told reporters on Sunday.
1 min
May 25, 2026
Financial Express Mumbai
Oura may be the AI David among Goliath IPOs
THE OURARING is a marvel. Its success goes against so much conventional wisdom about startups, which says, sternly, that hardware is hard, wearables are even harder, and you shouldn’t even think about competing with Apple Inc., let alone try it.
3 mins
May 25, 2026
Financial Express Mumbai
Jaishankar says India to diversify oil imports amid Hormuz tensions
INDIA WILL CONTINUE to pursue diversified, dependable and affordable energy supplies to safeguard its energy security from geopolitical disruptions, External Affairs Minister S. Jaishankar said on Sunday, as tensions around the Strait of Hormuz raised fresh concerns over global crude oil, LNG and shipping flows.
2 mins
May 25, 2026
Financial Express Mumbai
OpenAI tunes image models for India
INDIA IS EMERGING as a key market influencing how OpenAI develops its latest image generation models, with the company’s ChatGPT Images 2.0 now capable of creating everything from Manga-style Hindi comics to more realistic depictions of crowded Indian streets.
1 min
May 25, 2026
Financial Express Mumbai
Why India's four-year degree shift matters
NOT JUST AN OPTION, BUT IS BECOMING THE NORM
1 mins
May 25, 2026
Translate
Change font size