Concert Pharmaceuticals Receives $50M Payment from Auspex Pharmaceuticals

Concert Pharmaceuticals, Inc.

today 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 U.S. 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 May 5, 2015.