Aegis Capital has issued a ‘Buy’ rating on Concert Pharmaceuticals, Inc. (NASDAQ: CNCE), citing the company’s recent filing of a Post-Grant Review (PGR) against Incyte Corporation’s (NASDAQ: INCY) U.S. Patent No. 9,662,335. The patent includes claims relating to Janus kinase inhibitors (JAKs), which affects Concert’s deuterated ruxolitinib CTP-543, an oral JAK 1/2 inhibitor designed to treat alopecia areata. The analyst believes that the PGR process could resolve IP issues early, and the company appears confident in its case.
For more information, visit www.concertpharma.com
About Concert
Concert Pharmaceuticals is a clinical stage biopharmaceutical company focused on applying its DCE Platform® (deuterated chemical entity platform) to create novel medicines designed to address unmet patient needs. The company’s approach starts with approved drugs in which deuterium substitution has the potential to enhance clinical safety, tolerability or efficacy. Concert has a broad pipeline of innovative medicines targeting pulmonary diseases, including cystic fibrosis, autoimmune and inflammatory diseases and central nervous systems (CNS) disorders.
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