Pharma BD Deal Intelligence

Sun Pharmaceutical Industries Ltd. / Checkpoint Therapeutics, Inc.

2025 · Acquisition/Merger · $355M · Complete

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Mar 09, 2025 BioSpace Bullish

Sun Pharma to Acquire Checkpoint Therapeutics. Sun Pharmaceutical Industries Limited and Checkpoint Therapeutics announced an agreement for Sun Pharma to…

May 30, 2025 BioSpace Bullish

Sun Pharma has acquired all outstanding shares of Checkpoint at a price of $4.10 per share in cash, without interest, plus one non-tradable contingent value…

May 26, 2026 BioSpace Bullish

At ASCO 2026 (presented May 31, 2026) Sun Pharma reported laCSCC long-term follow-up: n=64, ORR 50% (CR 27%, PR 23%), median DOR not reached at >31 mo,…

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Sun Pharma agreed to acquire Checkpoint Therapeutics for $4.10/share cash plus CVR up to $0.70/share tied to EU approval milestones, total ~$355M. Deal brings UNLOXCYT, the first FDA-approved anti-PD-L1 treatment for advanced cSCC. Closed May 30, 2025.

Key facts

Related deals — scored

DealYearValueOutcome
Sun Pharmaceutical Industries Ltd. / Checkpoint Therapeutics, Inc. (this deal)2025$355M
Sun Pharmaceutical Industries Ltd. / Ranbaxy Laboratories Limited2014$4.0B66
Sun Pharmaceutical Industries Ltd. / Ranbaxy Laboratories Limited2015$4.0B52
Sun Pharmaceutical Industries Ltd. / DUSA Pharmaceuticals, Inc.2012$230M49
Sun Pharmaceutical Industries Ltd. / URL Pharma, Inc. (generics business)2012$60M34
Sun Pharmaceutical Industries Ltd. / Organon & Co.2026$11.8B
Ciba-Geigy AG / Sandoz AG1996$36.3B98

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