Recent M&A Bodes Well For Targeted Cancer Therapy Player Fusion Pharmaceuticals, Analyst Say AstraZeneca Is Favorably Positioned
Portfolio Pulse from Vandana Singh
Fusion Pharmaceuticals Inc (FUSN) is highlighted as a key player in the targeted radiopharmaceutical therapy (TRT) space by Oppenheimer, especially after recent acquisitions by Bristol Myers Squibb & Co (BMY) and Eli Lilly And Co (LLY). Fusion's partnership with AstraZeneca Plc (AZN) on advancing targeted radiotherapies and a profit-sharing agreement could position AstraZeneca for future acquisitions. Raymond James upgraded Fusion's stock from Outperform to Strong Buy with a price target of $15.
December 27, 2023 | 5:42 pm
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POSITIVE IMPACT
AstraZeneca's partnership with Fusion Pharmaceuticals on targeted radiotherapies and a profit-sharing agreement could position it favorably for future acquisitions in the TRT space.
The collaboration with Fusion Pharmaceuticals and the current M&A trend in the TRT sector suggest potential for AstraZeneca to make future acquisitions, which could positively impact its stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Fusion Pharmaceuticals is recognized as a prominent clinical-stage TRT company with a strong supply chain and is the last remaining player in the space after recent acquisitions. It has a beneficial partnership with AstraZeneca and has been upgraded to a Strong Buy by Raymond James with a price target increase.
The positive outlook from Oppenheimer and the upgrade by Raymond James, combined with the recent M&A activity in the TRT space, suggest a bullish sentiment for FUSN in the short term. The partnership with AZN further strengthens this view.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Bristol Myers Squibb has agreed to acquire RayzeBio for $4.1 billion, indicating a consolidation trend in the TRT market.
While the acquisition of RayzeBio shows BMY's commitment to the TRT space, the short-term impact on the stock is uncertain as the market has likely already priced in this acquisition.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Eli Lilly completed the acquisition of POINT Biopharma for approximately $1.4 billion, furthering its involvement in the TRT sector.
Eli Lilly's acquisition of POINT Biopharma may have a neutral short-term impact as the market may have already anticipated this move, and the immediate financial effects are yet to be seen.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50