News
8 Jun 2015
Concert Pharmaceuticals Receives $50 Million Payment from Auspex Pharmaceuticals
Concert Pharmaceuticals, Inc. has announced that it has received a payment of $50.2 million from Auspex Pharmaceuticals, Inc.
The payment is pursuant to a September 2011 patent assignment agreement between Concert and Auspex whereby Concert assigned to Auspex a US patent application relating to deuterium-substituted analogs of pirfenidone.
Under the agreement, Concert became eligible to receive the payment due to a change of control of Auspex, which was acquired by Teva Pharmaceuticals Industries Ltd on 5 May 2015.
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