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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.

Results for HALO
fezziwig2008
18 Apr 14 16:35:57
@TravisMKnight @keithc71 @erythrosine best in class hypoglycemia #'s for Hylenex ignored why?Leak?Peg may get a Heparin clearance but $halo?
chartguy89
18 Apr 14 16:30:38
HALO 7.57 Stock Charts $HALO Halozyme Therapeutics Inc. (NASDAQ) HALO Stock Chart - 1 Month http://bigcharts.m http://t.co/wgDN90BRpW
Gotham City Capital
18 Apr 14 16:27:58
@StockMatusow @keithc71 @erythrosine @fezziwig2008 $HALO is probably becoming about valued for it's pipeline.. when PEG is cleared, then yes
StockMatusow
18 Apr 14 14:55:47
@keithc71 @erythrosine @fezziwig2008 depending on pps, I would say $HALO would be a buy at that point
StockMatusow
18 Apr 14 14:55:26
@keithc71 @erythrosine @fezziwig2008 and $HALO still has a nice deep pipe on that proven platform, so once this PEG is cleared either way
StockMatusow
18 Apr 14 14:54:11
@keithc71 @erythrosine @fezziwig2008 No idea Keith, as of right now, potential serious issues on the table. However, $HALO 's platform
Clinton Majors
18 Apr 14 13:36:11
$HALO Robbins Arroyo LLP Is http://t.co/7LpEPoBqdR
Zackery Jaxon
18 Apr 14 10:52:31
$HALO Robbins Arroyo LLP Is http://t.co/nnOX7qkmj7
Alfred Jaxon
18 Apr 14 09:46:20
$HALO Halozyme Study Under Clin http://t.co/Qc4YYH14EP
fezziwig2008
18 Apr 14 08:33:16
@erythrosine $halo yes like that "300"
CABuyer
18 Apr 14 06:52:15
$HALO Opportunities Among The Rubble Of The Biotech Selloff http://t.co/cmrhL2ofZm
GavinGreenberg
18 Apr 14 06:33:26
$HALO: Opportunities Among The Rubble Of The Biotech Selloff http://t.co/MMyqQq1a4S
Erythrosine
18 Apr 14 00:22:49
like that? @fezziwig2008 RT@StockMatusow PEGlooks good so far and if thru larger and later clinical it still does, FDA approves $HALO = $300
fezziwig2008
17 Apr 14 18:56:00
@mradamkrizbai yes Adam out $halo @ 8 on peg FDA halt and MabTheraSC delayed launch
David VanRooy
17 Apr 14 18:43:53
RT @realmikemazza: $ATHX $PGNX $ACRX $HALO; we'll keep chipping away at it--still a lot of year left-- $ATHX can possibly make me whole wit…
PRNbiztech
17 Apr 14 17:22:54
$HALO Halozyme Therapeutics, Inc. Officers and Board of Directors Investigated for Shareholders http://t.co/RgTFyTw2hj
fezziwig2008
17 Apr 14 16:44:00
@erythrosine $halo you mean "300"?
TradersTopNews
17 Apr 14 16:15:19
$HALO Halozyme Therapeutics Rating Reiterated by Citic Securities Co., Ltd (HALO) http://t.co/Dxm1ZYfo22
fezziwig2008
17 Apr 14 15:50:05
@erythrosine there us little to this $halo malfeasance except Shaffer's sudden resignation after 3 pos catalysts didn't raise pps- leak?
Stock Herald
17 Apr 14 14:29:07
$HALO: Robbins Arroyo LLP Is Investigating the Officers and Directors of Halo... http://t.co/dQbvesvE50
stocknews247
17 Apr 14 14:17:15
$HALO - Robbins Arroyo LLP Is Investigating the Officers and Directors of Halo... -> http://t.co/1uYbYWGIVg #stock #stocks #stockaction
Stock_Tracker
17 Apr 14 13:54:18
Halozyme Therapeutics (HALO) 7.57 $HALO Robbins Arroyo LLP Is Investigating the Officers and Directors of Halo http://t.co/npPHi3GxfP
Daniel Gaddy
17 Apr 14 13:44:44
Didn't realize shareholders could sue a pharma co b/c a drug has side effects. What misconduct are $HALO directors being accused of?
Pinky G Felinious
17 Apr 14 13:43:30
$HALO Pinky Capital announces investigation of Robbins Arroyo LLP on suspicion of ambulance chasing blood sucking parasitism.
Erythrosine
17 Apr 14 13:38:43
$HALO - Robbins Arroyo LLP Is Investigating the Officers and Directors of Halozyme Therapeutics, Inc. on Behalf http://t.co/VA1KdrvBbj
Michael Mazza
17 Apr 14 13:36:17
$ATHX $PGNX $ACRX $HALO; we'll keep chipping away at it--still a lot of year left-- $ATHX can possibly make me whole with 1 swing of the bat
CABuyer
17 Apr 14 13:31:36
$HALO Robbins Arroyo LLP Is Investigating the Officers and Directors of Halozyme Therapeutics, Inc. on Behalf of Shareholders...
4-traders.com
17 Apr 14 13:25:03
Halozyme Therapeutics : Robbins Arroyo LLP : Is Investigating the Officers and Directors of Halozyme Therap... http://t.co/9Xq7vVRxYe $HALO
Tressie Fortenberry
17 Apr 14 13:24:19
$HALO Robbins Arroyo LLP Is http://t.co/UaTbRjnSnv
StockNews
17 Apr 14 13:23:13
$HALO - Robbins Arroyo LLP Is Investigating the Officers and Directors of Halozyme Therapeutics, Inc. on Behalf http://t.co/iZaX0q68sO
VisualStock Resource
17 Apr 14 13:23:09
$HALO - Robbins Arroyo LLP Is Investigating the Officers and Directors of Halozyme Therapeutics, Inc. on Behalf http://t.co/UjHRGlFjUx
PR Newswire
17 Apr 14 13:22:54
$HALO Halozyme Therapeutics, Inc. Officers and Board of Directors Investigated for Shareholders http://t.co/cD8MZvdV4c
woodman
17 Apr 14 12:08:31
$HALO hard 2 believe - in mid-March I drew a H&S on my chart w/ $7.08 as measured move target if neckline were to break. 4/14 low $7.01
fezziwig2008
17 Apr 14 11:39:09
$BAX saying they are minimally rampiing up HyQ this yr does not bode well for anticipated US Launch or near future of APOE4 Alz Dis Rx $halo
fezziwig2008
17 Apr 14 11:25:19
$halo $BAX Q1 14 earnings call today -"the ramp up for HyQ this year will be minimal"
Yahaira Landry
17 Apr 14 11:20:48
$HALO Halozyme Study Under Clin http://t.co/2XyWgnvOW9
♪ ♥ F€rn♥nd¡tA ♥ ♪
17 Apr 14 10:55:12
AhOraa #Diskee k Soy Lindaaa ☺ Awww $HALO
Stock Wars
17 Apr 14 09:00:00
U.S. Active (Stock Wars): $AAPL +0.65%, $HALO +2.91%, $TSLA +0.66%, $LIVE +32.27%, $GOOG -3.66% http://t.co/Abscu8mCct #StockWars
fezziwig2008
17 Apr 14 08:55:41
U Miami anti Hyaluronan technology dates back to Finnish lab discovered Hyaluronan role in cancer 15yr before Frost-time to corner mkt $halo
Large Void Bot
17 Apr 14 07:29:09
Daily Reversals: $HALO, $CRIS, $XNPT, $PBYI
fezziwig2008
17 Apr 14 06:58:37
@keithc71 @vikuvarshu until I hear more from Helen - I continue to search contingencies - CVA? TIA? DVT? $halo
WKRB News
17 Apr 14 06:57:21
Halozyme Therapeutics Rating Reiterated by Citic Securities Co., Ltd $HALO http://t.co/XlwxiR38A5
fezziwig2008
17 Apr 14 05:20:03
@vikuvarshu I agree but while stalled Might want to consider buying 4-MU as a contingency plan/ competition stop $halo
Hariharan Vaidyanath
17 Apr 14 05:09:23
@fezziwig2008 $halo has to run it's course here, may take time but will get there.
fezziwig2008
17 Apr 14 05:04:39
4-MU confirms peg's MOA while creating a rival target for $100M raised in part to accelerate peg- no company owns it yet- U of Miami $halo
Leighton Aldaine
17 Apr 14 01:29:44
$HALO Halozyme Study Under Clinical http://t.co/JF3LzulMFh
fezziwig2008
16 Apr 14 22:20:14
U Miami-AntiCa effects of 4-MU, an oral & relatively nontoxic agent, are mediated by reduction in Hyaluronan http://t.co/EJE39NDwpm $halo
BioBuckTweet
16 Apr 14 20:28:59
Stopped out of $HALO @ $8 while I was away. Zero contact with outside world for 9 days...Oh what a feeling! http://t.co/sZRESB4Vrt
4-traders.com
16 Apr 14 19:55:07
Halozyme Therapeutics : Announces Clinical Hold of PEGPH20 Pancreatic Cancer Trial Following Voluntary Halt... http://t.co/z3zsqLzOJC $HALO
				
				
By  +Follow June 28, 2013 12:21PM
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