Halozyme: Recent Approvals Alter My Appetite
Portfolio Pulse from
Halozyme's acquisition attempt of Evotec failed, impacting its stock. However, FDA approval of Opdivo Qvantig using Halozyme's technology promises future royalty revenue, with a projected 20% CAGR in royalty revenue through 2028.
December 31, 2024 | 8:00 am
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POSITIVE IMPACT
Halozyme's stock was impacted by the failed acquisition of Evotec. However, the FDA approval of Opdivo Qvantig using its technology is a positive development, promising future royalty revenue and a projected 20% CAGR in royalty revenue through 2028.
The failed acquisition of Evotec negatively impacted HALO's stock, but the FDA approval of Opdivo Qvantig using Halozyme's technology is a significant positive development. This approval is expected to generate future royalty revenue, with a strong projected growth rate, which should positively influence the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100