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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
US Consumer News
26 Jan 15 01:15:26
Halosource's buy rating reiterated at Liberum Capital. GBX 40 PT. http://t.co/R6qU0J7OBd $HALO #HALO
Ticker Report
26 Jan 15 01:11:36
Halosource’s “Buy” Rating Reaffirmed at Liberum Capital $HALO http://t.co/yC0NMoVqce
Analyst Ratings
26 Jan 15 01:07:06
Halosource's buy rating reiterated at Liberum Capital. GBX 40 PT. http://t.co/pdcrjv3udq $HALO #HALO
ProVesting
26 Jan 15 00:51:04
$HALO: First Call Rating Update on Halozyme Therapeutics, Inc.: http://t.co/zKA6kNXLMe
OM_freebies
25 Jan 15 23:29:05
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biotech 2050
25 Jan 15 21:20:02
RT @fezziwig2008: Roche Using Enhanze for Biosimilar Defense of 2 Mabs-Herceptin & MabThera>SC http://t.co/1CkdwtJrU0 $JNJ signed $HALO to …
fezziwig2008
25 Jan 15 20:26:10
Roche Using Enhanze for Biosimilar Defense of 2 Mabs-Herceptin & MabThera>SC http://t.co/1CkdwtJrU0 $JNJ signed $HALO to use it for Remicade
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25 Jan 15 19:30:57
Stocks Trending Now: http://t.co/IjPRgBHPYV $GEGI $FSM $WMB $ELTK $LAACZ $CCBC $HLMAF $EUCTF $LTOMF $HALO $ARGKF $POFCY ~
Penny Stock Secret
25 Jan 15 18:42:50
This Guy Turned $100 into over $10,000 In Just 30 Days! http://t.co/vezCDY95do .. $AROW $HALO $RDVY
Pinky G Felinious
25 Jan 15 15:54:49
RT @fezziwig2008: $JNJ CFO Confident about Biosimilar Defense in US and EU for Remicade & Procrit Despite Multiple Threats- WHY? $HALO http…
BioBuckTweet
25 Jan 15 15:38:49
Scalling in for good this time $CELG, $GILD, another 1/2 $PCYC and $MDVN. Swing trade the rest. Wife swiming in $HALO $VRTX and $ILMN
Olaf Ray Benson
25 Jan 15 15:28:50
RT @fezziwig2008: Dr Brentjens #MSKCC Leukemia Svc on CAR-T in solid tumor Rx. Hyaluronan is a defensive ligand. http://t.co/cVHSVfy3iB $…
fezziwig2008
25 Jan 15 14:07:38
$JNJ CFO Confident about Biosimilar Defense in US and EU for Remicade & Procrit Despite Multiple Threats- WHY? $HALO http://t.co/cLnucjN8Bk
fezziwig2008
25 Jan 15 13:34:50
"Remicade manufacturer $JNJ defending it promoting track record" 1st EU Biosimilar Mab Launch http://t.co/fTpBkYyN8y $HALO Enhanze Next Step
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25 Jan 15 11:47:18
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $WFR $HALO $PNK
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25 Jan 15 11:12:05
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25 Jan 15 10:49:31
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/yQwzgQ7fmA $HALO $HSTM $NTIC
vanja hadzic
25 Jan 15 10:44:56
RT @Biotech2050: Relaxing west of #Malta awaiting news #GreekElections #grexit #euro $celg #gild $ziop $halo $xon $tgtx $ptx #merkel http:/…
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25 Jan 15 10:03:15
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The Legacy News
25 Jan 15 09:12:45
Halozyme Therapeutics Receives Average Rating of “Buy” from Analysts $HALO http://t.co/JvLnViWzH0
StockNewsWires
25 Jan 15 07:11:04
$HALO $JMI: Top News: Halozyme Therapeutics (NASDAQ:HALO), Gilead ...: http://t.co/hL6dDUJ802
biotech 2050
25 Jan 15 07:01:03
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MustacheMan
25 Jan 15 06:58:23
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25 Jan 15 06:45:13
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biotech 2050
25 Jan 15 01:33:56
RT @fezziwig2008: $RHHBY has HER-2 Exclusivity to Enhanze for Breast CA but not to PegpH20 for Breast or Gastric CA Available to $PFE $H…
Stephen s
24 Jan 15 23:49:04
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24 Jan 15 22:40:06
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24 Jan 15 22:21:14
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fezziwig2008
24 Jan 15 20:02:54
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24 Jan 15 19:11:15
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24 Jan 15 15:16:24
HALO -1.00% Stock Charts $HALO Halozyme Therapeutics Inc. (NASDAQ) Last Updated: 01/24/2015 17:16:28 HALO Stoc http://t.co/R7IHRVxx2r
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24 Jan 15 15:12:30
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24 Jan 15 14:13:25
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24 Jan 15 14:05:10
$ECIG Investor Opinions Updated Saturday, January 24, 2015 4:07:17 PM $HALO $TBT $CVX $KORS http://t.co/E3SZEx7t4n
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24 Jan 15 14:05:07
$EWG Stock Price Updated Saturday, January 24, 2015 4:07:17 PM $ABBV $TZA $YY $HALO http://t.co/3zmWqKEGsu
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24 Jan 15 13:49:09
$LINE News Updated Saturday, January 24, 2015 4:03:21 PM $BNS $HALO $TBT $ARRY http://t.co/jXeUmYYOrl
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24 Jan 15 12:48:44
$LINE Reviews Updated Saturday, January 24, 2015 3:03:21 PM $XLY $VXX $RSH $HALO http://t.co/G9D2AHfFsu
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24 Jan 15 10:12:32
Our Penny Stock Picks Gained 968% In 5 Weeks! Get Our Next Pick Early: http://t.co/wMEn6i1tkM $HALO $HSTM $NTIC
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24 Jan 15 09:48:06
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24 Jan 15 09:35:12
$ECIG Stock Message Board Updated Saturday, January 24, 2015 12:11:13 PM $HALO $C $XLP $MCD http://t.co/n06j30kQdM
fezziwig2008
24 Jan 15 09:05:14
@108dragonsx @odestory Yes HE has & is happy to again & again-the more fundamentals we all know the better $HALO does-shorts see price only
fezziwig2008
24 Jan 15 09:01:51
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IH News Desk
24 Jan 15 08:34:08
$HALO Stock Price Updated Saturday, January 24, 2015 11:11:12 AM $TASR $DIA $IJJP $GDX http://t.co/0YHgJUWEDM
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24 Jan 15 08:34:04
$TSO Investor Opinions Updated Saturday, January 24, 2015 11:11:12 AM $HALO $F $FXC $SRPT http://t.co/AOBW2tCevV
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24 Jan 15 08:33:39
$CELG Reviews Updated Saturday, January 24, 2015 10:59:26 AM $COP $HALO $TWTR $TASR http://t.co/fuqR33cUEZ
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$DBA Opinions Updated Saturday, January 24, 2015 10:59:26 AM $BOX $MEIP $ABBV $HALO http://t.co/BX6JOSRdjY
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24 Jan 15 08:33:37
$HEDJ Investor Opinions Updated Saturday, January 24, 2015 10:59:26 AM $BNS $SU $XRT $HALO http://t.co/h2OZ5eaNMd
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24 Jan 15 07:56:17
$HALO Financials Updated Saturday, January 24, 2015 10:07:18 AM $IYR $DIA $KORS $TWTR http://t.co/ivxrIIPeJE
Stock Rocket
24 Jan 15 06:41:54
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By  +Follow June 28, 2013 12:21PM
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