BUZZ-India's Sun Pharma set for best week in nearly 6 months after Checkpoint deal

Reuters

03-13

BUZZ-India's Sun Pharma set for best week in nearly 6 months after Checkpoint deal

** Sun Pharmaceutical SUN.NS gains 4.4% in holiday-curtailed week; set for best weekly performance since late September 2024

** Drugmaker top weekly gainer on Nifty 50 .NSEI and pharma .NIPHARM indexes

** SUN gained in all sessions this week after $355 million deal for Checkpoint Therapeutics CKPT.O

** Analysts backed the deal, saying it would complement SUN's specialty portfolio

** Stock rated "buy" on avg, per data compiled by LSEG

** YTD, SUN down 11% vs NSEI's 4.7% drop

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

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