Halozyme Therapeutics IncPositive trial results for Darzalex Faspro (using Halozyme's ENHANZE technology) support continued adoption, boosting demand for Halozyme's technology.
Halozyme Therapeutics is one of the 8 Most Undervalued Growth Stocks to Buy for the Next 10 Years. On June 16, H.C. Wainwright analyst Mitchell Kapoor reiterated a Buy rating on Halozyme Therapeutics and assigned a target price of $95. The stock has risen 46% in the last 12 months. On June 13, Johnson & Johnson announced that Halozyme-partnered Darzalex Faspro, when used with its cancer drug Talvey, significantly improved survival outcomes in a late-stage trial for patients with multiple myeloma, reducing the risk of death by up to 53% compared with standard treatment. The combination also reduced the risk of cancer worsening or death by up to 72%, and at 24 months, about 89% of patients were alive compared with 79% receiving standard care. The positive trial results could benefit Halozyme by supporting continued adoption of Darzalex Faspro, which uses the company's ENHANZE technology.
Halozyme Therapeutics IncPositive trial results for Darzalex Faspro (using Halozyme's ENHANZE technology) support continued adoption, boosting demand for Halozyme's technology.
Johnson & JohnsonJohnson & Johnson's Darzalex Faspro combination with Talvey significantly improved survival outcomes in a late-stage trial, a positive product development.