Item 8.01. Other Events.

On August 16, 2022 and August 19, 2022, Concert Pharmaceuticals, Inc. (the "Company") received an aggregate of $20.9 million upon exercise of the remaining tranche 1 warrants to purchase 4,144 shares of Series X1 Preferred Stock issued to BVF Partners L.P. and RA Capital Management in November 2021.

The Company is also eligible to receive up to an additional $49.2 million if the tranche 2 warrants to purchase 8,125 shares of Series X1 Preferred Stock issued to BVF Partners L.P. and RA Capital Management in November 2021 are exercised in full. The tranche 2 warrants expire on October 31, 2022.

If the tranche 2 warrants are fully exercised, under its current operating plan, the Company would expect its cash, cash equivalents and investments to fund the Company beyond the anticipated submission of its New Drug Application ("NDA") for CTP-543, which is expected in the first half of 2023.

Forward Looking Statements

Any statements in this Current Report on Form 8-K about the Company's future expectations, plans and prospects, including, among others, statements about the Company's expectations regarding the timing of regulatory filings and the sufficiency of the Company's cash, cash equivalents and investments to fund its operations, and any other statements containing the words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions, constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties inherent in the initiation, timing and design of future clinical trials, the availability and timing of data from ongoing and future clinical trials and the results of such trials, whether preliminary results, including safety profiles, from a clinical trial will be predictive of the final results of that trial or whether results of early clinical trials will be indicative of the results of later clinical trials, expectations for the timing of the submission of an NDA, the availability of regulatory approvals, the availability of funding sufficient for the Company's foreseeable and unforeseeable operating expenses and capital expenditure requirements, expectations with respect to the protection of the Company's intellectual property afforded by its patents and other factors discussed in the "Risk Factors" section of the Company's most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission and in other filings that the Company makes with the Securities and Exchange Commission. In addition, any forward-looking statements included in this Current Report on Form 8-K represent the Company's views only as of the date of this Current Report on Form 8-K and should not be relied upon as representing the Company's views as of any subsequent date. The Company specifically disclaim any obligation to update any forward-looking statements included in this Current Report on Form 8-K.

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