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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.

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Results for HALO
Josh Skowyra
28 Mar 15 10:43:37
RT @dougheuringaria: Citi $HALO Valuation Driven by Partnerships with PEGPH20 Presenting Upside – Raising TP to $21 (+$6) http://t.co/6sNrH…
biotech 2050
28 Mar 15 10:15:46
One person owns all this: 61.1M $XON >60% 17.8M $ZIOP 19.8M $HALO 12.3M $SYN 15.6M $FCSC ?M $APHB thro' $XON http://t.co/1uJbeQw0Vl
Stock Rocket
28 Mar 15 09:49:36
Our Penny Stock Newsletter Picks Gained Over 1485%! Huge Update: http://t.co/cDuleLngkJ $WFR $HALO $PNK
Penny Stockington
28 Mar 15 09:48:56
Our Penny Stock Pick On $RCGP Gained As Much As 236% In 2 Days! Get Our Next Pick Early: http://t.co/22aEoRrPYm $WFR $HALO $PNK
Dan
28 Mar 15 09:47:48
RT @dougheuringaria: Citi $HALO Valuation Driven by Partnerships with PEGPH20 Presenting Upside – Raising TP to $21 (+$6) http://t.co/6sNrH…
Stockaholics
28 Mar 15 09:38:43
Our Stock Tips Have Gained Over 230% Within 2 Days! Huge News: http://t.co/FW1zCkmOE6 $HALO $HSTM $NTIC
Phil Martin
28 Mar 15 09:16:44
$HALO http://t.co/4WKbmNPlwA
Bilo Selhi
28 Mar 15 08:51:53
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Stockaholics
28 Mar 15 08:35:26
Our Stock Tips Have Gained Over 230% Within 2 Days! Huge News: http://t.co/FW1zCkmOE6 $WFR $HALO $PNK
Subramania Kaushik
28 Mar 15 08:32:11
RT @dougheuringaria: Citi $HALO Valuation Driven by Partnerships with PEGPH20 Presenting Upside – Raising TP to $21 (+$6) http://t.co/6sNrH…
SmallCaps
28 Mar 15 08:04:43
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biotech 2050
28 Mar 15 07:57:46
RT @dougheuringaria: Citi $HALO Valuation Driven by Partnerships with PEGPH20 Presenting Upside – Raising TP to $21 (+$6) http://t.co/6sNrH…
OM_freebies
28 Mar 15 07:50:08
#trading #psychology #stocksandoptions http://t.co/8kS9cDjAp0 $MYEC $GDXJ $XIV $PANW $HALO http://t.co/EnCJQMOEiN
Penny Stock Secret
28 Mar 15 07:27:03
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Michael Torres, PhD
28 Mar 15 05:57:24
RT @dougheuringaria: Citi $HALO Valuation Driven by Partnerships with PEGPH20 Presenting Upside – Raising TP to $21 (+$6) http://t.co/6sNrH…
dougheuring
28 Mar 15 05:56:52
Citi $HALO Valuation Driven by Partnerships with PEGPH20 Presenting Upside – Raising TP to $21 (+$6) http://t.co/6sNrHUnuVn
Rick
28 Mar 15 04:20:08
RT @fezziwig2008: @jimcramer #Madtweets $HALO is meeting w the FDA proposing PFS for endpoint to accelerate approval of PegpH20- $C raised …
Rick
28 Mar 15 04:19:44
RT @Biotech2050: #PEGPH20 Plus Nab-#Paclitaxel Plus #Gemcitabine #Pancreatic Cancer ( $HALO -109-202) https://t.co/0CFpKuJKqF @fezziwig2008…
SmallCaps
28 Mar 15 02:50:50
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Olaf Ray Benson
28 Mar 15 02:36:13
RT @DrEnologist: Citi: Multiple PEGPH20 catalysts in ‘15 that will drive transition of stock from model to internal development model. $HALO
StockenheimerSchmidt
28 Mar 15 01:55:17
$RCGP tripled in value within 2 days as of yesterdays high! high! Big News: http://t.co/RWkbY02YnU $WFR $HALO $PNK
rist115ch
28 Mar 15 00:58:35
RT @DrEnologist: Citi: Multiple PEGPH20 catalysts in ‘15 that will drive transition of stock from model to internal development model. $HALO
rist115ch
28 Mar 15 00:56:13
RT @dougheuringaria: Citi Making Several Changes in SMID Cap $HALO $ARDX $VSAR Remain Buyers. Moving to Neutral on $EPZM http://t.co/Oq5I2i…
Stock Rocket
28 Mar 15 00:47:40
Our Penny Stock Newsletter Picks Gained Over 1485%! Huge Update: http://t.co/cDuleLERch $WFR $HALO $PNK
Stock Rocket
28 Mar 15 00:26:08
Our Penny Stock Newsletter Picks Gained Over 1485%! Huge Update: http://t.co/cDuleLERch $HALO $HSTM $NTIC
Penny Stockington
28 Mar 15 00:19:11
Our Penny Stock Pick On $RCGP Gained As Much As 236% In 2 Days! Get Our Next Pick Early: http://t.co/22aEoRaezM $HALO $HSTM $NTIC
Stock Dawgzz
28 Mar 15 00:17:04
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StockenheimerSchmidt
28 Mar 15 00:08:48
$RCGP tripled in value within 2 days as of yesterdays high! high! Big News: http://t.co/RWkbY02YnU $HALO $HSTM $NTIC
biotech 2050
27 Mar 15 23:57:15
#PEGPH20 Plus Nab-#Paclitaxel Plus #Gemcitabine #Pancreatic Cancer ( $HALO -109-202) https://t.co/0CFpKuJKqF @fezziwig2008 updated this week
biotech 2050
27 Mar 15 23:47:29
RT @FrankQuintieri: @dougheuringaria @fezziwig2008 TP $21, going to be a nice ride up from here! $HALO
biotech 2050
27 Mar 15 23:47:02
RT @fezziwig2008: @jimcramer #Madtweets $HALO is meeting w the FDA proposing PFS for endpoint to accelerate approval of PegpH20- $C raised …
biotech 2050
27 Mar 15 23:42:08
RT @DrEnologist: $HALO 👆partnership/royalties supporting development of PEGPH20 in pancreatic & NSCLC. Data supports PEGPH20’s efficacy in …
biotech 2050
27 Mar 15 23:42:02
RT @DrEnologist: $HALO Q1:15 FDA meeting will clarify the development pathway in pancreatic Ca. From Citi
Gerard Hough
27 Mar 15 23:28:45
RT @Mykalt45: “@Aiims1742: Summary of key #PancreaticCancer trials presented at @ASCO #GI15 http://t.co/WcVdjoBPNv http://t.co/2VZgmnyFpw”…
Dr Atanas G Atanasov
27 Mar 15 23:11:58
RT @Mykalt45: “@Aiims1742: Summary of key #PancreaticCancer trials presented at @ASCO #GI15 http://t.co/WcVdjoBPNv http://t.co/2VZgmnyFpw”…
Stephen s
27 Mar 15 22:10:47
RT @OM_freebies: #trading #psychology #stocksandoptions http://t.co/8kS9cDjAp0 $MYEC $GDXJ $XIV $PANW $HALO http://t.co/5lE1LXtkLC
Michael
27 Mar 15 20:49:21
Citi: Multiple PEGPH20 catalysts in ‘15 that will drive transition of stock from model to internal development model. $HALO
Michael
27 Mar 15 20:48:03
$HALO Q1:15 FDA meeting will clarify the development pathway in pancreatic Ca. From Citi
Michael
27 Mar 15 20:47:02
$HALO 👆partnership/royalties supporting development of PEGPH20 in pancreatic & NSCLC. Data supports PEGPH20’s efficacy in solid tumors.
fezziwig2008
27 Mar 15 20:44:06
@DinoPerlman According to FDA Accel Appvl is suited for fatal/fast acting disease-Ca & HIV are perfect for it-SRPT doesnt fit-PDA does $HALO
OM_freebies
27 Mar 15 19:59:08
#trading #psychology #stocksandoptions http://t.co/8kS9cDjAp0 $MYEC $GDXJ $XIV $PANW $HALO http://t.co/5lE1LXtkLC
Josh Skowyra
27 Mar 15 19:43:40
RT @MaisaCorp: $HALO Citigroup $C boosts its price target to $21 from $15 = is up 4.6% today at $13.95 to put the year's pop at 44%.
Dave Johnson
27 Mar 15 17:03:20
In: $BRTX $SLTD $LBIO $SRNE $HALO $CLDN $KPTI $JUNO $ISIS Added: $LBIO New: $TRVN $CLLS $AAVL Out: N/A
fezziwig2008
27 Mar 15 15:32:06
@jimcramer #Madtweets $HALO is meeting w the FDA proposing PFS for endpoint to accelerate approval of PegpH20- $C raised PT to $21 CEO rocks
Eresh
27 Mar 15 15:10:48
RT @MaisaCorp: $HALO Citigroup $C boosts its price target to $21 from $15 = is up 4.6% today at $13.95 to put the year's pop at 44%.
MAISA
27 Mar 15 14:52:39
$HALO Citigroup $C boosts its price target to $21 from $15 = is up 4.6% today at $13.95 to put the year's pop at 44%.
Frank Quintieri
27 Mar 15 14:07:48
@fezziwig2008 @zzlangerhans @portefeuillefun tony, congrats on the profit, but PT raised to $21 & catalysts, I'm a holder. Long $HALO
biotech 2050
27 Mar 15 13:48:34
RT @osok762: $HALO Citi raises PT to 21
Michael
27 Mar 15 13:40:06
RT @osok762: $HALO Citi raises PT to 21
Bio$$$Trees
27 Mar 15 13:18:56
Swings - $CEMP $RAD $HALO small $CYNAF $XENE and core $ATRS
				
				
By  +Follow June 28, 2013 12:21PM
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