Halozyme Therapeutics, Inc. develops and commercializes drug-delivery technologies for subcutaneous administration of biologics and other injectable therapies. News about HALO commonly covers ENHANZE licensing agreements, Hypercon and Surf Bio hyperconcentration collaborations, partner product regulatory approvals, royalty-based revenue updates, and financial guidance.
The company also reports developments tied to its proprietary products Hylenex and XYOSTED, drug-device combination products using auto-injector technologies, and collaborations with pharmaceutical and biotechnology companies in oncology, inflammatory disease and other therapeutic areas.
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Halozyme Therapeutics, Inc. (NASDAQ: HALO) announced plans to release its first-quarter 2023 financial and operating results on May 9, 2023, after the trading day concludes. A conference call will follow at 4:30 p.m. ET to discuss the results, accessible via pre-registration.
The call will also be available as a live webcast on the company's website. Halozyme is focused on enhancing patient experiences through its innovative ENHANZE® technology, which improves the delivery of injected medications. As of now, it has impacted over 700,000 patients globally.
Halozyme partners with major pharmaceutical firms like Roche and Pfizer, and it has a range of commercial products, including XYOSTED®, TLANDO®, and NOCDURNA®.
Halozyme Therapeutics (NASDAQ: HALO) announced that the recent decision by the European Patent Office regarding a co-formulation patent for DARZALEX FASPRO® will not affect its U.S. and European royalty revenues through at least 2030. The company reaffirms its 2023 revenue guidance, estimating total revenue between $815 million and $845 million, and royalty revenue between $445 million and $455 million. Despite the revocation of the European Patent EP3370770B1, Halozyme expects to maintain royalty payments from Janssen. A written decision is forthcoming, and an appeal could suspend the decision temporarily.
Halozyme Therapeutics reported significant financial growth for Q4 2022, with revenues increasing by 78% year-over-year to $181 million, driven by record royalty revenues of $106 million. Full-year revenues rose to $660.1 million, a 49% increase compared to 2021. GAAP diluted earnings per share for the fourth quarter were $0.42, while non-GAAP EPS was $0.48. For 2023, Halozyme expects revenues between $815 million and $845 million, reflecting 23%-28% growth, and EBITDA of $415 million to $440 million, indicating over 30% growth. Ongoing regulatory approvals for ENHANZE® products are anticipated to bolster future performance.