Halozyme Thrp Stock Price, News & Analysis

Halozyme Therapeutics (NASDAQ: HALO) announced that the European Commission granted Janssen Pharmaceutical marketing authorizations for the subcutaneous formulation of daratumumab, known as DARZALEX^® SC. This includes an authorization for treating adults with newly diagnosed systemic light-chain amyloidosis (first approved therapy for AL amyloidosis in Europe) and for adults with multiple myeloma who are lenalidomide refractory. These approvals enhance treatment options for specific patient groups in Europe, furthering Halozyme's commitment to improving patient outcomes.

ViiV Healthcare and Halozyme Therapeutics have entered a global collaboration that grants ViiV exclusive access to Halozyme's ENHANZE® drug delivery technology for HIV treatments. ViiV will pay $40 million upfront, with potential milestone payments totaling up to $175 million per target. This partnership aims to enhance the development of long-acting HIV therapies, reducing the frequency of medication. The PH20 enzyme allows for efficient large-volume subcutaneous injections, potentially addressing treatment challenges for patients and improving their experience.

ViiV Healthcare and Halozyme Therapeutics have formed a collaboration to utilize Halozyme's ENHANZE® drug delivery technology for HIV treatment and prevention. ViiV will pay Halozyme $40 million upfront, with potential future payments totaling $175 million based on development milestones. This partnership aims to develop ultra-long acting HIV medicines, reducing the treatment burden for patients. Halozyme's enzyme technology enables rapid delivery of large volumes of medication, potentially extending dosing intervals beyond current standards. The collaboration could lead to innovative options in HIV therapies.

Halozyme Therapeutics (NASDAQ: HALO) announced presentations of collaborative studies utilizing ENHANZE® technology at the 2021 ASCO Annual Meeting from June 4-8. Key studies included Phase 3 results for AL amyloidosis treatment and preliminary analyses of nivolumab. Highlights also featured cost analysis for a fixed-dose combination treatment for HER2-positive breast cancer. Halozyme's ENHANZE® technology aims to enhance patient treatment experiences, and the company has licensed this technology to major pharmaceutical firms. The press release emphasizes ongoing development and collaboration, impacting potential revenue through milestones and royalties.

Halozyme Therapeutics (NASDAQ: HALO) announced its participation in two upcoming virtual investor conferences. The first is the Goldman Sachs 42nd Annual Global Healthcare Conference on June 8, 2021, featuring Dr. Helen Torley at 11:20 a.m. ET. The second is the JMP Securities Life Sciences Conference on June 17, 2021, with Elaine Sun at 3:00 p.m. ET. Live webcasts will be available on their website, along with archived recordings for a month after each event.

Halozyme Therapeutics (NASDAQ: HALO) announced that Janssen received positive opinions from the EMA's CHMP for expanding DARZALEX^® (daratumumab) subcutaneous formulation to treat AL amyloidosis and relapsed multiple myeloma. The first opinion supports the use of DARZALEX^® with cyclophosphamide, bortezomib, and dexamethasone for newly diagnosed AL amyloidosis patients. The second opinion recommends its use with pomalidomide and dexamethasone for specific multiple myeloma patients. These recommendations will be reviewed by the European Commission for final approval.

Halozyme Therapeutics (NASDAQ: HALO) reported strong Q1 2021 results with revenues of $89 million, a 250% increase from $25.4 million in Q1 2020. Key drivers included $30 million in milestone revenues from Janssen and Bristol Myers Squibb, and a 119% rise in royalty revenue from subcutaneous DARZALEX®. Operating income reached $50.7 million compared to a loss of $3.2 million a year earlier. The company expects 2021 revenues between $375 million and $395 million, reflecting 40%-48% growth. Cash and equivalents totaled $764.3 million at quarter-end.

Halozyme Therapeutics, Inc. (NASDAQ: HALO) announced that CEO Dr. Helen Torley will present virtually at the BofA Securities 2021 Virtual Health Care Conference on May 11, 2021, at 12:30 p.m. ET. Investors can access the presentation via the Halozyme website, and a recording will be available for six months post-event. Halozyme is known for its innovative ENHANZE technology, which enhances drug delivery and has positively impacted over 400,000 patients worldwide through collaborations with major pharmaceutical companies.

Halozyme Therapeutics, Inc. (NASDAQ: HALO) will host a webcast for its Q1 2021 financial results on May 10 at 4:30 p.m. ET. CEO Dr. Helen Torley will lead the call, releasing results for the quarter ended March 31, 2021 following market close. The call will be accessible via the Investors section of Halozyme’s corporate website, with registration open until the call starts. Halozyme is known for its innovative ENHANZE® technology, which enhances patient experiences by reducing treatment times for injectable therapies.