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Halozyme Shares Spike on Breast Cancer Drug Recommendation

By  +Follow June 28, 2013 12:21PM
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Shares of Halozyme (HALO) spiked in afternoon trading june 28 after its partner Roche Holding AG (RHHBY) received a positive recommendation from a European advisory committee on its injectable form of Herceptin, a breast cancer drug.

According to Halozyme CEO Gregory Frost, a Phase 3 study on Herceptin indicated that the drug “may help decrease the time patients spend receiving treatment at a hospital or physician’s practice, by reducing the administration time.” Halozyme produces an enzyme for Herceptin that now allows it to be injected subcutaneously.

A typical IV infusion of Herceptin takes 30-90 minutes, but Herceptin can now be administered in just two to five minutes via injection under the skin. Roche is currently seeking European approval for the injectable drug, so the recommendation is a very encouraging sign.

“Pending European approval, this subcutaneous formulation of Herceptin will provide a new route of administration that could potentially save time for both physicians and HER2-positive breast cancer patients in Europe,” Frost said. The breakthrough could be a complete game changer in the breast cancer drug space, as treatments are usually time consuming for both patients and doctors.

Halozyme shares spiked during trading hours on June 28 when the news was released. The stock reached a daily high of $8.20, a gain of around 30 percent since close on June 27.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions.


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Results for HALO
nob vega
23 Oct 14 17:25:41
$HALO Jan 6 makes one year in the hot seat for CEO Torley. She has experience marketing drugs. Stock price not so much.
Auto Binary option
23 Oct 14 16:01:18
RT @Marc_Hav: $HALO HALOZYME THERAPEUTICS INC. (UPDATED 23OCT2014) http://t.co/x8PBcKcxC9
Marc Hav FX
23 Oct 14 15:54:01
$HALO HALOZYME THERAPEUTICS INC. (UPDATED 23OCT2014) http://t.co/R6EuLKF0xJ
Marc Hav
23 Oct 14 15:54:00
$HALO HALOZYME THERAPEUTICS INC. (UPDATED 23OCT2014) http://t.co/x8PBcKcxC9
biotech 2050
23 Oct 14 14:32:07
RT @fezziwig2008: So Having seen the "Rate of Panc Ca PFS Events"in PreHalt Patients, $HALO is taking on the #1 Cancer Killer- NSC Lung Ca-…
Aniu Student
23 Oct 14 13:39:32
@PinkyG123 @fezziwig2008 HA- as if they had 2 die 4 lazy $HALO 2 give a Phase1b study update,stating "They're still alive." Sorry,no buyout.
Stockaholics
23 Oct 14 13:17:52
Our Penny Stock Alerts Gained 371% In 2 weeks! Sign Up For Free Text Alerts For Our New Pick: http://t.co/dLDRavoCi4 $HALO $HSTM $NTIC
Pinky G Felinious
23 Oct 14 12:46:22
@AniuStudent Don’t be mad that those Panc CA patients on Peg refuse to die. $halo
Aniu Student
23 Oct 14 12:33:59
@fezziwig2008 Jakafi is on the market. $HALO can't even get the final report 2gether 4 the PEG Phase 1b results, so instead, u make them up.
Me Likeitalot
23 Oct 14 12:22:50
$HALO Where do these brainless sellers come from?....LOL>
fezziwig2008
23 Oct 14 12:19:32
@FinansciCenk $INCY traded up 30% on 42% 6 mo survival- another way of saying Median Overall Surv less than 6 Mos- $HALO 3x that in Ph1b
Me Likeitalot
23 Oct 14 12:04:55
$HALO Hey shorts, can you please knock this back down a few pennies where the CEO/CFO bought 50K, so I can re-load up, thanks in advance!
fezziwig2008
23 Oct 14 12:00:23
$INCY trading @ $55 right now in part on Jakafi MOS in Panc Ca under 6 months- PegpH20 extended MOS to 19mos. $HALO
fezziwig2008
23 Oct 14 11:14:50
@PinkyG123 yes but would $RHHBY or $CELG bother w lower hyaluronan lung if higher Pancreas wasn't working? I believe PFS is lengthened $HALO
Pinky G Felinious
23 Oct 14 11:12:24
@fezziwig2008 I believe their future partner or parent dictating choice of indication for next peg study. $halo
fezziwig2008
23 Oct 14 11:10:03
@PinkyG123 $HALO CEO said she em would monitor the Progression Free Survival In Study 202 before proceeding would she start NSCLC if short?
Pinky G Felinious
23 Oct 14 11:06:52
@fezziwig2008 I must be slipping cause I’m not sure what you’re referring to. Thanks. $halo
fezziwig2008
23 Oct 14 11:02:21
So Having seen the "Rate of Panc Ca PFS Events"in PreHalt Patients, $HALO is taking on the #1 Cancer Killer- NSC Lung Ca- Must be working...
Me Likeitalot
23 Oct 14 11:02:13
$HALO How is this not up much more? Wowsa.
fezziwig2008
23 Oct 14 10:22:05
$HALO CEO "Going see rate PFS events are occurring b4 we get a better sense of what the projection of timing would be"-They Know Now> NSCLC
Me Likeitalot
23 Oct 14 10:07:00
RT @nobvega: $HALO $CELG mkt cap increased $4B just today. Can buy HALO with half that increase. Not bad for a day's work.
nob vega
23 Oct 14 10:03:35
$HALO $CELG mkt cap increased $4B just today. Can buy HALO with half that increase. Not bad for a day's work.
809trader
23 Oct 14 09:57:20
RT @Wolfman_Patt: Time for a bounce ? $ZIOP $HALO $XON THE #BIOTECH TRIFECTA! ! #Stocks http://t.co/NqqxvTXwXG
Tamara Andreas
23 Oct 14 09:52:31
RT @Wolfman_Patt: Time for a bounce ? $ZIOP $HALO $XON THE #BIOTECH TRIFECTA! ! #Stocks http://t.co/NqqxvTXwXG
Rick Patterson
23 Oct 14 09:51:11
RT @wininstocks2014: HALO 9.09 Stock Charts $HALO Halozyme Therapeutics Inc. (NASDAQ) Last Updated: 10/23/2014 08:52:05 HALO Stock http://…
Rick Patterson
23 Oct 14 09:50:22
Time for a bounce ? $ZIOP $HALO $XON THE #BIOTECH TRIFECTA! ! #Stocks http://t.co/NqqxvTXwXG
Rick Patterson
23 Oct 14 09:46:08
RT @Melikeitalot: $ZIOP Upthrusting has caught on and moved from $HALO & $XON to ZIOP - still waiting on $ACAD but the day is still young -…
Stockaholics
23 Oct 14 09:16:48
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $WFR $HALO $PNK
biotech 2050
23 Oct 14 09:07:08
RT @fezziwig2008: @Biotech2050 $CELG Mum on $HALO PegpH20-Abraxane Study-So Doesn't Bid against Itself when Reads Out Positive-the Tell wil…
fezziwig2008
23 Oct 14 09:05:28
@Biotech2050 $CELG Mum on $HALO PegpH20-Abraxane Study-So Doesn't Bid against Itself when Reads Out Positive-the Tell will be NSCLC same duo
Aniu Student
23 Oct 14 08:42:37
@Melikeitalot That's what you said months ago. $HALO
Stockaholics
23 Oct 14 08:36:18
Our Penny Stock Picks Gained 371% In 2 Weeks! Get Our Next Pick Early: http://t.co/z2noBUWrEP $HALO $HSTM $NTIC
Lucretia
23 Oct 14 08:32:10
$HALO Stocks in Momentum: Halozyme Therapeutics, Inc. (NASDAQ:HALO), Marvell ... http://t.co/BmeyMEEx7l
Me Likeitalot
23 Oct 14 08:19:19
$HALO still way cheap here; should not even be below $10 now, and will likely move much higher in the coming months I bet.
biotech 2050
23 Oct 14 08:03:44
RT @Melikeitalot: $ZIOP Upthrusting has caught on and moved from $HALO & $XON to ZIOP - still waiting on $ACAD but the day is still young -…
Me Likeitalot
23 Oct 14 07:58:15
$ZIOP Upthrusting has caught on and moved from $HALO & $XON to ZIOP - still waiting on $ACAD but the day is still young - congrats $CELG too
nob vega
23 Oct 14 07:57:29
$HALO Breaking out. It's about time.
Jon Vince
23 Oct 14 07:43:59
RT @StockBoardAsset: $HALO
fezziwig2008
23 Oct 14 07:40:18
Gem PFS Panc Ca Stage 4b-3.7mos Add Abraxane-5.5 mos or Add PegpH20-7.3 mos Add Abraxane+PegpH20- >12 mos added then $HALO Added- to $CELG
fezziwig2008
23 Oct 14 07:37:17
RT @StockBoardAsset: $HALO Ascending megaphone on demand line could upthrust here. http://t.co/jYEzpWn858
Me Likeitalot
23 Oct 14 07:35:17
$HALO More 'upthrusting' please!
SBA
23 Oct 14 07:34:22
$HALO
Me Likeitalot
23 Oct 14 07:34:21
@StockBoardAsset $HALO As Forrest Gump would say, "Megaphone,.... I like.... the sound..... of that!"
SBA
23 Oct 14 07:31:04
$HALO Ascending megaphone on demand line could upthrust here. http://t.co/jYEzpWn858
Penny Stock Secret
23 Oct 14 07:27:47
The Hottest Way to Make Millions From Stock Market.Click HERE http://t.co/SVqoMkrw2z .. $AROW $HALO $RDVY
SBA
23 Oct 14 07:23:25
$HALO Daily descend tri http://t.co/EaaAIevHFr
fezziwig2008
23 Oct 14 07:09:35
Gem PFS Panc Ca Stage 4b-3.7mos Add Abraxane-5.5 mos or Add PegpH20-7.3 mos Add Abraxane+PegpH20- $HALO Study 202- Results Passing 7 mos now
biotech 2050
23 Oct 14 07:05:36
@fezziwig2008 this study on ABRAXANE + PEGPH20 is being done by $HALO so maybe $CELG cannot report on such http://t.co/ir2gDqRAvg
biotech 2050
23 Oct 14 06:59:44
RT @fezziwig2008: @Biotech2050 Abraxane has anti Hylauronan properties on it's own, so I expect it to potentiate $HALO's pegpH20 doubling o…
fezziwig2008
23 Oct 14 06:56:55
@Biotech2050 Abraxane has anti Hylauronan properties on it's own, so I expect it to potentiate $HALO's pegpH20 doubling of Gemcitabine PFS
				
				
By  +Follow June 28, 2013 12:21PM
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