Halozyme Therapeutics +13% On Thursday: What's Going On?
Portfolio Pulse from Nabaparna Bhattacharya
Halozyme Therapeutics (NASDAQ: HALO) shares surged by 13.2% after the company raised its FY24 guidance, projecting significant growth in revenue, royalties, adjusted EBITDA, and non-GAAP earnings per share. The increase in guidance is attributed to a new European patent for its ENHANZE Drug Delivery Platform.
June 06, 2024 | 4:34 pm
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Halozyme Therapeutics raised its FY24 guidance, projecting significant growth in revenue, royalties, adjusted EBITDA, and non-GAAP earnings per share. The increase is due to a new European patent for its ENHANZE Drug Delivery Platform.
The raised guidance and new European patent are strong positive indicators for Halozyme's future performance, leading to a significant increase in share price.
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