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HALO Positive Sentiment Score: 75/100

HALOZYME PROVIDES UPDATE ON LICENSEE CO-FORMULATION PATENT HEARING IN EUROPE Halozyme Therapeutics, Inc. (NASDAQ: HALO) today provided an update following a decision by the Opposition Division of the European Patent Office...

Key Takeaway: Halozyme Therapeutics, Inc. provided an update on the status of its co-formulation patent hearing in Europe, indicating that there will be no impact on U.S. or European royalty revenues from its licensed products, including DARZALEX FASPRO. The company reiterated its 2024 royalty revenue guidance of between $520 and $555 million, with expectations to exceed $1 billion in revenues by 2027. Additionally, a conference call regarding further insights is scheduled for October 24.

Market Sentiment Analysis

POSITIVE FACTORS

  • No expected impact on royalty revenues from key drugs through 2032.
  • Reiterates 2024 royalty revenue guidance indicating strong financial outlook.
  • Anticipates over $1 billion in revenue by 2027, showcasing growth potential.

Full Press Release Details

Company Projects No Impact on U.S. or European Royalty Revenues from DARZALEX FASPRO ® and SC through 2032
Reiterates 2024 Royalty Revenue Guidance of $520 -555 million and Expectations to Generate > $1 billion in 2027
Conference Call Scheduled Today, Thursday, October 24 at 5:30am PT / 8:30am ET
Halozyme is a biopharmaceutical company advancing disruptive solutions to improve patient experiences and outcomes for emerging and established therapies. As the innovators of ENHANZE® drug delivery technology with the proprietary enzyme rHuPH20, Halozyme's commercially-validated solution is used to facilitate the subcutaneous delivery of injected drugs and fluids, with the goal of improving the patient experience with rapid subcutaneous delivery and reduced treatment burden. Having touched more than 800,000 patient lives in post-marketing use in eight commercialized products across more than 100 global markets, Halozyme has licensed its ENHANZE® technology to leading pharmaceutical and biotechnology companies including Roche, Takeda, Pfizer, Janssen, AbbVie, Eli Lilly, Bristol-Myers Squibb, argenx, ViiV Healthcare, Chugai Pharmaceutical and Acumen Pharmaceuticals.
Halozyme also develops, manufactures and commercializes, for itself or with partners, drug-device combination products using its advanced auto-injector technologies that are designed to provide commercial or functional advantages such as improved convenience, reliability and tolerability, and enhanced patient comfort and adherence. The Company has two commercial proprietary products, Hylenex® and XYOSTED®, partnered commercial products and ongoing product development programs with several pharmaceutical companies including Teva Pharmaceuticals and Idorsia Pharmaceuticals.
Halozyme is headquartered in San Diego, CA and has offices in Ewing, NJ and Minnetonka, MN. Minnetonka is also the site of its operations facility.
For more information visit www.halozyme.com and connect with us on LinkedIn and Twitter.
Safe Harbor Statement
Tram Bui VP, Investor Relations and Corporate Communications 609-359-3016 [email protected]
Samantha Gaspar Teneo 212-886-9356 [email protected]
SOURCE Halozyme Therapeutics, Inc.

21 %

Frequently Asked Questions

What are Halozyme's revenue expectations for 2024?

Halozyme expects royalty revenue of $520 to $555 million in 2024.

When is Halozyme's conference call scheduled?

The conference call is on October 24 at 5:30 AM PT / 8:30 AM ET.

What technology does Halozyme innovate?

Halozyme innovates the ENHANZE® drug delivery technology for subcutaneous use.

How many patients have benefited from Halozyme's products?

Halozyme's products have affected over 800,000 patients globally.

Where is Halozyme headquartered?

Halozyme is headquartered in San Diego, California.

Last updated: Oct 24, 2024