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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Halozyme Therapeutics Incorporated | NASDAQ:HALO | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.09 | 0.23% | 39.91 | 37.00 | 45.00 | 40.74 | 39.79 | 40.67 | 902,802 | 05:00:06 |
Halozyme Therapeutics Inc. reached a global collaboration and licensing agreement with AbbVie Inc. potentially valued at $1.19 billion to develop and commercialize products that combine AbbVie's treatments and Halozyme's Enhanze drug-delivery technology.
Halozyme shares rose 7% to $17.99 in recent premarket trading.
Under the agreement, San Diego-based Halozyme will receive an upfront payment of $23 million following by potential milestone payments of about $130 million each for as many as nine collaboration targets.
The biotechnology company's Enhanze platform helps in the dispersion and absorption of other injected therapeutic drugs.
Write to Tess Stynes at tess.stynes@wsj.com
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1 Year Halozyme Therapeutics Chart |
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