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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
Stock Rocket
24 Dec 14 16:58:02
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Stock Rocket
24 Dec 14 15:51:27
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FinSentS NASDAQ
24 Dec 14 15:48:08
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Rick Patterson
24 Dec 14 15:18:20
Benzinga's Top Initiations: Dec 24 $HALO $VA Buy Ratings http://t.co/HH6a0g2uWn
HotKeyTrading
24 Dec 14 14:00:05
Coverage Initiated: $HALO $CCC $TASR $ELLI $JMEI $COH $WBC $AU $RCII $CUDA $XEC $WLL $NFX $FOXA $ALSN http://t.co/TRx9EnjwT5 #mkt #markets
Quantheta
24 Dec 14 13:59:51
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John Ablemann
24 Dec 14 13:30:44
$HALO Benzinga's Top Initiations http://t.co/msg7PSkWX0
Quantheta
24 Dec 14 11:59:50
#SENTISHIFTUP $WAG $IMRS $MNKD $GS $GE $ACT $CMG $HALO $SCTY $AAL #quantheta #sentiquant 20141224 15:00:17:491
fezziwig2008
24 Dec 14 11:48:44
@LoveMatchBook then YOU already had a Happy $HALO Day! Congrats and all the Best.
Stock Rocket
24 Dec 14 11:22:07
With Penny Stock Picks On $STTK & $RGMI, subscribers saw 671% Gains In One Month! Big Update: http://t.co/oKD4CATaFq $WFR $HALO $PNK
Stock Rocket
24 Dec 14 10:21:25
With Penny Stock Picks On $STTK & $RGMI, subscribers saw 671% Gains In One Month! Big Update: http://t.co/oKD4CATaFq $HALO $HSTM $NTIC
Penny Stock Secret
24 Dec 14 10:11:32
The Stock Picking Service of 2014 Watch This! Here http://t.co/SVqoMlijqL .. $WFR $HALO $PNK
Aniu Student
24 Dec 14 10:06:51
@mrisadore ASCO GI is in January. The $HALO Phase 1b data will (FINALLY!?!) be presented there (unless $HALO punts again). Happy Holidays!
Quantheta
24 Dec 14 09:59:49
#SENTISHIFTUP $WAG $IMRS $GS $GE $CMG $MNKD $BAC $RFMD $UCO $HALO #quantheta #sentiquant 20141224 13:00:17:245
Galactico
24 Dec 14 09:43:05
$HALO flagging, looking to break higher
Chayton Falke
24 Dec 14 09:40:07
#Russell2000 #recent #market #exit #16: Sold $HALO long for a 12.47% #gain in 4 days. #HALO #forex #trading #stocks
Aniu Student
24 Dec 14 09:39:47
@mrisadore I bought n lower-mid $7s mainly & hoped 2 b out n a yr @ ~$15.Yet that would b w/ Phase 2 data (which w/ slow $HALO may b n '17).
Aniu Student
24 Dec 14 09:35:13
@mrisadore 'Does $HALO withholding results concern me?' ABSOLUTELY - & clearly the market as well. The PEG driven pps depends on PEG.
Aniu Student
24 Dec 14 09:27:15
@mrisadore $HALO will publish PEG Phase 1b results at ASCO in 2015 (after punting throughout 2014 on the subject of releasing the results).
Aniu Student
24 Dec 14 09:21:33
@mrisadore We r STILL waiting on final $HALO PEG Phase1b data (from "The World's Longest Phase1b Study"). It, literally, better cure cancer.
Jose Luis Reyes
24 Dec 14 09:19:49
RT @InvestorsLive: $HALO nice trend
Aniu Student
24 Dec 14 08:58:33
@mrisadore New (& late) $HALO deal possibly by EOY,(late) lung trial start by EOY &(extremely late) PEGnews by mid Jan 4 a ~25% bump or fall
fezziwig2008
24 Dec 14 08:48:11
@Melikeitalot Kirk's Third Securities (19M) & Iridian (7M) own 25% of $HALO - look for them to add in '15 before Ph2 Peg Studies come out
biotech 2050
24 Dec 14 08:41:12
RT @fezziwig2008: Searching for a last minute Gift? Well $HALO priced under $10 makes for a marvelous Portfolio stuffer...
Me Likeitalot
24 Dec 14 08:23:41
@fezziwig2008 $HALO Might want to buy it up soon, before the Bakers or even the Butcher or Smith or Jones brothers buy or buy more!.....lol.
Me Likeitalot
24 Dec 14 08:21:18
RT @fezziwig2008: Searching for a last minute Gift? Well $HALO priced under $10 makes for a marvelous Portfolio stuffer...
fezziwig2008
24 Dec 14 08:16:05
@ethan780 Yes 1/12 is the date the embargo lifts on $HALO PegpH20-Gemcitabine Ph1b/2 Data at ASCO GI
ethan
24 Dec 14 08:11:33
@fezziwig2008 it's Jan 12 abstract release, right? $HALO
fezziwig2008
24 Dec 14 07:59:49
Searching for a last minute Gift? Well $HALO priced under $10 makes for a marvelous Portfolio stuffer...
biotech 2050
24 Dec 14 07:47:27
RT @fezziwig2008: 100K Americans have SCD http://t.co/w39XS99T97 Sickle Crisis most damaging form http://t.co/GJxyBrJs0f Rivipansel SC tar…
Nathan Michaud
24 Dec 14 07:45:34
$HALO nice trend
fezziwig2008
24 Dec 14 07:40:01
100K Americans have SCD http://t.co/w39XS99T97 Sickle Crisis most damaging form http://t.co/GJxyBrJs0f Rivipansel SC targets it $HALO $PFE
FinSentS NASDAQ
24 Dec 14 07:37:18
$HALO:US Halozyme Therapeutics Now Covered by MLV & Co (NASDAQ:HALO) #HALOZYME THERAPEUTICS INC http://t.co/zX4Xybv07W #NASDAQ
The Fly
24 Dec 14 06:55:35
On The Fly: Analyst Initiation Summary $ACAT $EFC $HALO $VA: Full Story http://t.co/IUZ1rDoEZ4
Naz
24 Dec 14 06:51:02
$HALO - http://t.co/luoMTMJK24 #stockcharts
Me Likeitalot
24 Dec 14 06:47:27
$HALO I can maybe understand not a quick jump to $12 and over, but in the least this should place the price over $10 and to hold over it.
Me Likeitalot
24 Dec 14 06:38:47
RT @fezziwig2008: Good News $PFE Rivipansel-Enhanze (NCT02217917) Trial Status Activated 2 days ago https://t.co/QVYwhShXlj Treating Sickl…
biotech 2050
24 Dec 14 06:27:18
RT @fezziwig2008: Good News $PFE Rivipansel-Enhanze (NCT02217917) Trial Status Activated 2 days ago https://t.co/QVYwhShXlj Treating Sickl…
Chris
24 Dec 14 06:21:39
RT @bored2tears: Halozyme Therapeutics initiated at buy at MLV. Price target $12. $HALO 12/23 close: 9.03 #stocks
fezziwig2008
24 Dec 14 06:20:29
Good News $PFE Rivipansel-Enhanze (NCT02217917) Trial Status Activated 2 days ago https://t.co/QVYwhShXlj Treating Sickle Crisis SC $HALO
Marlen
24 Dec 14 05:58:48
12/24/14 COVERAGE INITIATED: Halozyme Therapeutics $HALO MLV & Co Buy $12
Stock Rocket
24 Dec 14 05:58:31
With Penny Stock Picks On $STTK & $RGMI, subscribers saw 671% Gains In One Month! Big Update: http://t.co/oKD4CATaFq $WFR $HALO $PNK
Kevin Jacobs
24 Dec 14 05:23:37
RT @BioStocks: $HALO initiated at Buy by MLV, PT $12
Kerem Aksoy
24 Dec 14 05:09:31
RT @Melikeitalot: $HALO Another buy rating - oh, the price manipulators won't like that....maybe they allow the bust through $10 now? Still…
biotech 2050
24 Dec 14 05:05:42
RT @Melikeitalot: $HALO Another buy rating - oh, the price manipulators won't like that....maybe they allow the bust through $10 now? Still…
biotech 2050
24 Dec 14 05:05:26
RT @fezziwig2008: An MLV Buy Rating for $HALO AHEAD of Analyst Day on Jan 7th?! Good things to come for Halozyme Therapeutics...
Social Alpha Inc
24 Dec 14 04:56:55
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bored2tears
24 Dec 14 04:44:02
Halozyme Therapeutics initiated at buy at MLV. Price target $12. $HALO 12/23 close: 9.03 #stocks
MAISA
24 Dec 14 04:41:07
$HALO MLV set its price target on the stock at $12 a share, which represents a potential upside of 33% from its Tuesday closing price.
Me Likeitalot
24 Dec 14 04:38:51
RT @fezziwig2008: An MLV Buy Rating for $HALO AHEAD of Analyst Day on Jan 7th?! Good things to come for Halozyme Therapeutics...
				
				
By  +Follow June 28, 2013 12:21PM
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