Concert Pharmaceuticals, Inc. placed all of its hope on a deuterated formulation of ruxolitinib in alopecia areata, offloading other programs to bet on deuruxolitinib that it would offer a better safety and efficacy profile than Eli Lilly and Company’s approved JAK inhibitor Olumiant (baricitinib). But with cash dwindling, the US biotech is under agreement for sale to India’s Sun Pharmaceutical Industries Ltd., which said it wants the drug as an addition to its dermatology portfolio.
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