Add-on Acquisition • Life Science

Sun Pharma Acquires Concert Pharmaceuticals

On January 19, 2023, Sun Pharma acquired life science company Concert Pharmaceuticals for 576M USD

Acquisition Context
  • This is Sun Pharma’s 9th transaction in the Life Science sector.
  • This is Sun Pharma’s 2nd largest (disclosed) transaction.
  • This is Sun Pharma’s 6th transaction in the United States.
  • This is Sun Pharma’s 3rd transaction in Massachusetts.

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M&A Deal Summary

Date January 19, 2023
Target Concert Pharmaceuticals
Sector Life Science
Buyer(s) Sun Pharma
Deal Type Add-on Acquisition
Deal Value 576M USD
Advisor(s) MTS Health Partners
Chestnut Partners (Financial)
Goodwin Procter (Legal)

Target Company

Concert Pharmaceuticals

Lexington, Massachusetts, United States
Concert Pharmaceuticals is a late-stage clinical biopharmaceutical company that is developing deuruxolitinib, a novel, deuterated, oral JAK1/2 inhibitor. The company has successfully completed two Phase 3 trials with deuruxolitinib in adults with Alopecia Areata, a serious autoimmune dermatological disease. It is also evaluating the use of deuruxolitinib in other indications and assessing a number of earlier-stage pipeline candidates. Concert Pharmaceuticals was founded in 2006 and is based in Lexington, Massachusetts.
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Buyer Overview 1

Buyer

Sun Pharma

Mumbai, India

Category Company
Founded 1983
Sector Life Science
Employees43,000
Revenue 520.4B INR (2025)
DESCRIPTION

Sun Pharma is a specialty generic pharmaceutical company. Products are sold through drug stores, mass merchants, grocery stores, and gift/specialty stores. Sun Pharma was founded in 1983 and is based in Mumbai, Maharashtra.


Deal Context for Buyer #
Overall 14 of 15
Sector: Life Science 9 of 10
Type: Add-on Acquisition 7 of 8
State: Massachusetts 3 of 4
Country: United States 6 of 7
Year: 2023 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 Pola Pharma

Shinagawa, Japan

Pola Pharma, Inc. is a pharmaceutical company to healthier, more beautiful skin. Pola Pharma has two factories in Japan to make topical products and injectables. It has research and development capabilities to develop new technologies and formulations. Pola Pharma, Inc. was founded in 2007 and is based in Shinagawa, Japan.

Buy $1M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-09 Checkpoint

Waltham, Massachusetts, United States

Checkpoint is a commercial-stage company focused on developing novel treatments for patients with solid tumor cancers. It has received approval from the U.S. Food & Drug Administration (FDA) for UNLOXCYT (cosibelimab-ipdl) for the treatment of adults with metastatic cutaneous squamous cell carcinoma (cSCC) or locally advanced cSCC who are not candidates for curative surgery or curative radiation. Checkpoint is based in Waltham, Massachusetts.

Buy $355M