Halozyme Therapeutics Keeps Winning in Cancer Treatment

AnalystProduct / Tech
โดย Insider Monkey·Read original
Summary · why it matters

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.

Impact on stocks 2

Biotech & Genomic Medicine · 2 stocks
Halozyme Therapeutics Inc
HALO
▲ PositiveDemandrelevance

Positive trial results for Darzalex Faspro (using Halozyme's ENHANZE technology) support continued adoption, boosting demand for Halozyme's technology.

Johnson & Johnson
JNJ
▲ PositiveTechnologyrelevance

Johnson & Johnson's Darzalex Faspro combination with Talvey significantly improved survival outcomes in a late-stage trial, a positive product development.

Theme Impact 2

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