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'Buy' Sun Pharma Maintains Systematix, Sees Checkpoint Acquisition To Strengthen Onco Derma Portfolio

Systematix retains estimates on Sun Pharma and retain Buy with a target price of Rs 2,206 based on 35 times FY27E earnings per share.

<div class="paragraphs"><p>Sun Pharma's Checkpoint acquisition is valued at $355 million ($400 million including Contingent Value Right.</p><p> (Source:&nbsp;Yeko Photo Studio for&nbsp;freepik)</p></div>
Sun Pharma's Checkpoint acquisition is valued at $355 million ($400 million including Contingent Value Right.

(Source: Yeko Photo Studio for freepik)

Through this acquisition, Sun Pharma intends to deepen its presence in the skin cancer segment; Sun Pharma’s existing portfolio in this space includes Levulan and Odomzo, having filed Nidlegy for melanoma.
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