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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
fezziwig2008
31 Aug 14 09:19:17
I Love the 2 $HALO s on @BioRunUp's tweet-Not a typo-I've elucidated their meaning in mult tweets $TWTR feels are unimportant- happy trading
Business News Now
31 Aug 14 07:23:53
$HALO: Halozyme to Host second Quarter 2014 Financial Results Conference Call http://t.co/NoatJ9l4Gg http://t.co/vuJmvvYy7C
Wall Street News
31 Aug 14 05:23:59
$HALO: Earnings Reaction History: Halozyme Therapeutics Inc., 33.3% Follow-Through ... http://t.co/tJPY3vH0mh http://t.co/g5OFy79k6p
biotech 2050
31 Aug 14 04:28:33
@jimcramer #stockpics I dedicate this pic to long holders on $CELG $GILD $NPSP $HALO $TGTX $ZIOP $PTX $DYAX $XON http://t.co/A2rM75oeTV
fezziwig2008
30 Aug 14 22:24:55
This Trader Has HyQvia PDUFA listed 9/3/14- http://t.co/P3WUfT6ljV $HALO
TickerChirp
30 Aug 14 12:38:05
The Most Popular in Twitter About $HALO (HALOZYME THERAPEUTICS symbol HALO) on 08/30/2014 http://t.co/cJDsNHZjBA
Sam Sid
30 Aug 14 10:58:16
RT @d_voted_1: $halo dont be shocked if it goes down or is flat on approval news. #justsaying #turd #ReversePschy101 #UltimateBird I am lo…
Leo Kolivakis
30 Aug 14 10:46:04
RT @BiotechMoney18: $ZIOP $GWPH $ADHD $TTPH $SNSS $INCY phase 2/3 data Q4. $NKTR $OREX $HALO $PGNX $NDSH FDA play in 4Q.Keep them on watch …
fezziwig2008
30 Aug 14 06:59:18
@d_voted_1 I can't MAKE traders know importance of FDA Appv'l of long term use o $HALO Core Enzyme- just kick back & watch them be schooled
Dean
30 Aug 14 06:53:35
$halo dont be shocked if it goes down or is flat on approval news. #justsaying #turd #ReversePschy101 #UltimateBird I am long
Stocks in News
29 Aug 14 22:23:51
$HALO: Trade-Ideas: Halozyme Therapeutics (HALO) Is Today's "Perilous Reversal" Stock http://t.co/va3yZ8GlIb http://t.co/SGI3ifUc7k
fezziwig2008
29 Aug 14 21:50:01
@GoGoBio @BigGains26 http://t.co/QzQTFa0c98 $HALO Exec Management Team-Except for CEO- Joined Halo 2011, 2009, 2008, 2008, 2006, 2004, 2003
fezziwig2008
29 Aug 14 21:46:03
@GoGoBio @BigGains26 $HALO CEO from $ONXX is All In @ $14-Kirk Buys More-All Peg Ph 2 sites are recruiting-Peg's a Panc Ca Killer=juggernaut
fezziwig2008
29 Aug 14 21:29:18
United HC-OptumRx Q2 Pipeline Pending Drug Approvals- HyQvia™ $BAX / $HALO "Expected FDA Decision Date 6/2/2014 " https://t.co/Gvm0JrYStZ
Gotham City Capital
29 Aug 14 21:19:30
RT @BioRunUp: Have a great long weekend all... get your rest. September is almost here! $HALO $KERX $OREX $NPSP $PGNX $PSDV $SNSS $HALO $N…
GoGoBio
29 Aug 14 21:02:55
RT @fezziwig2008: Very Brave- Is that the Word?- Over a 3 Day Weekend Ahead of HyQ PDUFA- $HALO Short Interest on 8/15/14 17,989,585 share…
GoGoBio
29 Aug 14 21:02:01
$HALO left traders sitting on side of the road in the rain with makeup running down cheeks like a cheap date. No love! No move in 3 months??
GoGoBio
29 Aug 14 20:59:48
@BigGains26 $HALO sr execs leaving slowly. This had no run recently with date on horizon. I could be wrong but other bio passing them by.
Gotham City Capital
29 Aug 14 18:52:29
RT @fezziwig2008: @BigGains26 two, dos, due, duex, Mbill (Swahili), zwei....PDUFA+ESMO14 $HALO
fezziwig2008
29 Aug 14 18:51:55
@BigGains26 two, dos, due, duex, Mbill (Swahili), zwei....PDUFA+ESMO14 $HALO
Market Updater
29 Aug 14 18:23:57
$HALO: Roche's Commercial Launch Of MabThera SC Triggers Milestone Payment To Halozyme http://t.co/zlr1JaTgvn http://t.co/QkJCWNDMMX
BigGains26
29 Aug 14 18:04:09
$HALO might be setting up for a run. Have a nice catalyst in SEPT
$$$ Money $$$
29 Aug 14 17:32:31
$ZIOP $GWPH $ADHD $TTPH $SNSS $INCY phase 2/3 data Q4. $NKTR $OREX $HALO $PGNX $NDSH FDA play in 4Q.Keep them on watch for catalysts play GL
Market Headlines
29 Aug 14 17:23:53
$HALO: News Buzz - Halozyme Therapeutics, Inc. (HALO), Callon Petroleum Company ... http://t.co/o0Qixoa5Wq http://t.co/STTNmZ82zh
fezziwig2008
29 Aug 14 16:32:12
RT @BioRunUp: Have a great long weekend all... get your rest. September is almost here! $HALO $KERX $OREX $NPSP $PGNX $PSDV $SNSS $HALO $N…
fezziwig2008
29 Aug 14 16:32:00
@BioRunUp The 1st $HALO is for the HyQvia PDUFA and the 2nd is for ESMO14- Just translating your tweet for the HALO challenged...
fezziwig2008
29 Aug 14 16:30:27
#WHO-500 new WW cases of #Ebola this wk- the most ever-death rate in Guinea highest-@ 2/3 BUT 770 in USA died of Pancreatic Ca this Wk $HALO
Jeffrey Blake
29 Aug 14 15:00:55
$HALO Earnings Reaction History: Halozyme Therapeutics Inc., 33.3% Follow-Through ... http://t.co/HiETiRzeEG
biotech 2050
29 Aug 14 14:51:31
Great to be long $GILD $CELG $NPSP $HALO $DYAX $PTX $XON $ZIOP $CRMD great roller coaster rides with exponential gains in target. Do your DD
BioRunUp
29 Aug 14 13:35:03
Have a great long weekend all... get your rest. September is almost here! $HALO $KERX $OREX $NPSP $PGNX $PSDV $SNSS $HALO $NKTR $XOMA
Alejandro Jaime
29 Aug 14 13:28:52
open positions end of month IV: $LOCO new one at today's close 32.31; $NVLX long at 0.29 shown a little of life; $HALO long at 9.91 patience
Companies in News
29 Aug 14 13:24:18
$HALO: Halozyme Therapeutics upgraded by UBS http://t.co/jzxvto1kj5 http://t.co/tYTZiihzmx
Stockaholics
29 Aug 14 12:34:20
RSII shot up over 100% today! Major Update: http://t.co/GMnQioznZp $HALO $HSTM $NTIC
Me Likeitalot
29 Aug 14 12:32:05
$HALO Guess someone wanted out of some shares b4 Pdufa date - maybe run up on Tues - Ameritrade reads volume as "Light" - most are holding!
biotech 2050
29 Aug 14 12:25:19
RT @fezziwig2008: Very Brave- Is that the Word?- Over a 3 Day Weekend Ahead of HyQ PDUFA- $HALO Short Interest on 8/15/14 17,989,585 share…
biotech 2050
29 Aug 14 12:24:36
RT @Melikeitalot: $HALO $ZIOP $XON Have a feeling that heavy summer shorting will lead to heavy short covering in the fall season - Kirk wi…
PHARMD
29 Aug 14 11:35:35
Added $halo
Me Likeitalot
29 Aug 14 11:33:10
$HALO $ZIOP $XON Have a feeling that heavy summer shorting will lead to heavy short covering in the fall season - Kirk will be loved again!
Me Likeitalot
29 Aug 14 11:31:13
$HALO Best thing I luv about Halozyme ahead of this catalyst is, that they will be earning money irregardless of Hyqvia, and PegPH20 is huge
fezziwig2008
29 Aug 14 11:28:27
@Emory_R $RHHBY is missing -http://t.co/ZpwNGLjodU and as a footnote to that $HALO- rhupH20 enhances Roche's Ceftriaxone
Financial Updates
29 Aug 14 11:24:06
$HALO: Q2 2014 Halozyme Therapeutics, Inc. Earnings Release - After Market Close http://t.co/FI0n0AxDSq http://t.co/qktFJu4PT3
fezziwig2008
29 Aug 14 11:03:32
Very Brave- Is that the Word?- Over a 3 Day Weekend Ahead of HyQ PDUFA- $HALO Short Interest on 8/15/14 17,989,585 shares 13.526146 days
biotech 2050
29 Aug 14 10:54:15
Shares with upcoming catalysts: $HALO $NPSP
Harry Walkman
29 Aug 14 10:31:10
$HALO Trending Tickers: International Business Machines Corporation (NYSE:IBM ... http://t.co/VeMH2fdj11
John Ablemann
29 Aug 14 10:31:09
$HALO Earnings Reaction History: Halozyme Therapeutics Inc., 33.3% Follow-Through ... http://t.co/JetFmLB5J0
biotech 2050
29 Aug 14 10:14:22
RT @fezziwig2008: Tuesday's the 2nd, Right? $HALO
fezziwig2008
29 Aug 14 09:44:21
Given past unpleasantness in the handling of Hylenex, $BAX really Owes $HALO an After Hours Announcement of a 9/2 PDUFA (Premarket perhaps?)
fezziwig2008
29 Aug 14 09:30:51
Tuesday's the 2nd, Right? $HALO
fezziwig2008
29 Aug 14 08:58:53
Chicago Tribune- Huang estimates HyQvia would make $300M ann in the EU but sales in the US could reach $900M http://t.co/Nxfc4XRx9V $HALO
Biz News Pioneer
29 Aug 14 08:23:59
$HALO: Halozyme Therapeutics Shares Down 3.3% on Insider Selling (HALO) http://t.co/sNfcWaHRCE http://t.co/1u4UUgS4fY
				
				
By  +Follow June 28, 2013 12:21PM
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