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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
Aniu Student
16 Sep 14 16:26:49
RT @InsiderReports: $HALO shares for 223,000$ bought by David A. Ramsay (VP and Chief Financial Officer) (HALOZYME THERAPEUTICS INC). http:…
Aniu Student
16 Sep 14 16:26:47
RT @InsiderReports: Helen Torley (President and CEO) bought $HALO shares for 446,000$. http://t.co/PXlYPLEuBb
Aniu Student
16 Sep 14 16:22:20
@fezziwig2008 @WilliamGerber1 Care 2 elaborate? Say 560? Oops. It's 2 close 2 make a call, eh Fezz? U don't want a 9/2 repeat, do u? $HALO
fezziwig2008
16 Sep 14 16:16:10
$HALO in AH 9.25 on 36k shares
fezziwig2008
16 Sep 14 16:09:04
RT @TravisMKnight: $HALO Insider Buying.. http://t.co/XWarU4Bl9N
Frederick Martin
16 Sep 14 16:03:58
RT @InsiderReports: Helen Torley (President and CEO) bought $HALO shares for 446,000$. http://t.co/PXlYPLEuBb
Frederick Martin
16 Sep 14 16:03:43
RT @TravisMKnight: $HALO Insider Buying.. http://t.co/XWarU4Bl9N
Frederick Martin
16 Sep 14 16:03:35
RT @LargeVoidBot: $HALO Sep 16, CFO Buys 25000 (75000 Net) Shrs; Net: 325.00k; Acq'd: 75000 4.33/s; Disp'd: 0
Gotham City Capital
16 Sep 14 16:01:12
$HALO Insider Buying.. http://t.co/XWarU4Bl9N
Gotham City Capital
16 Sep 14 15:58:42
RT @VisualStockR: $HALO - Statement of Changes in Beneficial Ownership (4) http://t.co/B7WseJEqx4
fezziwig2008
16 Sep 14 15:57:19
@fezziwig2008: @WilliamGerber1 she Knows it's more than 529 days survival to be reported soon!!!!!!! $HALO
Gotham City Capital
16 Sep 14 15:54:56
RT @fezziwig2008: $HALO CEO bought 50k share at 8.92 today 9/16/14
Large Void Bot
16 Sep 14 15:50:06
$HALO Sep 16, CFO Buys 25000 (75000 Net) Shrs; Net: 325.00k; Acq'd: 75000 4.33/s; Disp'd: 0
fezziwig2008
16 Sep 14 15:49:42
$HALO CEO bought 50k share at 8.92 today 9/16/14
Pzaa...Guy
16 Sep 14 15:49:15
$HALO - Statement of Changes in Beneficial Ownership (4) http://t.co/CLMVXWt7kn
StockNews
16 Sep 14 15:49:14
$HALO - Statement of Changes in Beneficial Ownership (4) http://t.co/SUQFFGQ31x
VisualStock Resource
16 Sep 14 15:49:11
$HALO - Statement of Changes in Beneficial Ownership (4) http://t.co/B7WseJEqx4
William Gerber
16 Sep 14 15:48:47
@InsiderReports @fezziwig2008 now that is very nice to see. Not a token commitment at all! $HALO
Pzaa...Guy
16 Sep 14 15:46:15
$HALO - Statement of Changes in Beneficial Ownership (4) http://t.co/Ofi1ZLXlAK
StockNews
16 Sep 14 15:46:14
$HALO - Statement of Changes in Beneficial Ownership (4) http://t.co/ibVVafSLao
VisualStock Resource
16 Sep 14 15:46:04
$HALO - Statement of Changes in Beneficial Ownership (4) http://t.co/KMoTkpVFqP
InsiderReports
16 Sep 14 15:45:34
$HALO shares for 223,000$ bought by David A. Ramsay (VP and Chief Financial Officer) (HALOZYME THERAPEUTICS INC). http://t.co/zk6jLRmSxh
fezziwig2008
16 Sep 14 15:45:15
RT @InsiderReports: Helen Torley (President and CEO) bought $HALO shares for 446,000$. http://t.co/PXlYPLEuBb
NX1
16 Sep 14 15:45:02
RT @InsiderReports: Helen Torley (President and CEO) bought $HALO shares for 446,000$. http://t.co/PXlYPLEuBb
InsiderReports
16 Sep 14 15:44:34
Helen Torley (President and CEO) bought $HALO shares for 446,000$. http://t.co/PXlYPLEuBb
$Stocknewsalerts
16 Sep 14 15:44:32
$HALO Halozyme - 4 (Statement of Changes in Beneficial Ownership) SEC Filing From our Stock News Alerts App
fezziwig2008
16 Sep 14 15:42:37
RT- @WilliamGerber1: @AniuStudent @fezziwig2008 http://t.co/Albry3Jiuq 529 directly from website- High HA group. No? $halo
Stockaholics
16 Sep 14 13:25:42
$BRNW Ran Up 145% So Far Today! Huge News: http://t.co/agBJ7Ngnzq $WFR $HALO $PNK
Aniu Student
16 Sep 14 13:15:19
@WilliamGerber1 @fezziwig2008 Fezz has calculated,it is at least 560 days. He's used the 560 number...until today. ESMO uncertainty 2. $HALO
Stockaholics
16 Sep 14 12:56:46
$BRNW Ran Up 145% So Far Today! Huge News: http://t.co/agBJ7Ngnzq $HALO $HSTM $NTIC
fezziwig2008
16 Sep 14 12:33:37
@kylewdennis 1 more catalyst can come in the morning - an upbeat title on a $HALO poster abstract @ESMO 14 -may be a paper but may not be
John Turner
16 Sep 14 12:31:26
$HALO Baxter and Halozyme Therapeutics Get FDA Approval http://t.co/PZOpefG7Gv
fezziwig2008
16 Sep 14 12:22:25
ESMO could assign $HALO a poster if the additional 60 or so days were considered a cherry on the top of the amazing 529d MOS in panc Ca 4b
Aniu Student
16 Sep 14 11:57:30
@fezziwig2008 So now a paper is more likely after ranting "ESMO! ESMO!" n Sept & ranting "ASCO! ASCO" n May!? Silly Fezz-u don't know $HALO
US_proptrader
16 Sep 14 11:44:49
$ACHN $AVNR $CENX $HALO $JBLU $SZYM $TKMR $VEEV $VIMC autocharts @ http://t.co/cLiki48C5r
fezziwig2008
16 Sep 14 11:24:23
Time difference New York and Zurich, Switzerland is: 6 hours so 6:00AM ET ESMO poster announcement tomrw - if there-paper more likely $HALO
Stockaholics
16 Sep 14 11:18:21
$BRNW Ran Up 145% So Far Today! Huge News: http://t.co/agBJ7Ngnzq $HALO $HSTM $NTIC
Me Likeitalot
16 Sep 14 11:18:06
@kylewdennis $HALO We know huh? How do you not know that it was a large hedge against a ton of shares owned, if in fact they were 'sold' ?
Aniu Student
16 Sep 14 11:11:27
If counterfeiting is not the problem for $HALO in Europe, than what is? Are there any payer issues with Herceptin SC?
Kyle Dennis
16 Sep 14 11:07:59
Now we know why someone was selling the heck out of $HALO September $9 calls over the past 4 months.
Gotham City Capital
16 Sep 14 11:05:42
RT @fezziwig2008: "mature data" doesn't mean all have passed- only that more than half have- 1 big reason why I look forward to Peg 1b upda…
fezziwig2008
16 Sep 14 10:56:29
"mature data" doesn't mean all have passed- only that more than half have- 1 big reason why I look forward to Peg 1b update $HALO
fezziwig2008
16 Sep 14 10:42:30
Compete Response in Peg1b?! Yes PT 007-414 had biochemical normalization of panc ca Marker CA19-9 http://t.co/41BGc1WO7c $HALO should update
Michael Torres, PhD
16 Sep 14 10:26:10
RT @fezziwig2008: @Mykalt45 can't counterfeit Enhanze and 5 min MabtheraSC infusion Michael - $HALO has that well protected
Erythrosine
16 Sep 14 10:17:41
@RNAiAnalyst $HALO also uses a pegylated formulation, PEGH20.
T.Cat
16 Sep 14 10:17:24
@US_proptrader I don't see $HALO on this
Aniu Student
16 Sep 14 10:16:53
@erythrosine @woodman267 The sad story is,I'm told they work 4 pennies per tweet.Thus, the constant, low quality, repetitive nonsense. $HALO
biotech 2050
16 Sep 14 10:16:04
RT @fezziwig2008: ESMO-the next not the only opportunity for $HALO to showcase data that eclipses Abraxane-Gem surv by more than 2x -255d v…
fezziwig2008
16 Sep 14 10:12:39
Peg 1b Hope to hear at ESMO- did median survival in high Hyaluronan group break 600 days? Is Complete Biochem responder still alive $HALO
US_proptrader
16 Sep 14 10:11:49
$ARWR $AVNR $BBRY $EXAS $HALO $IDTI $JRJC $NKTR $VIMC autocharts @ http://t.co/hj7PGeTQk3
				
				
By  +Follow June 28, 2013 12:21PM
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