First Eagle Fund of America Comments on Halozyme Therapeutics

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Oct 31, 2017

Halozyme Therapeutics (NASDAQ:HALO) announced new licensing agreements with Roche and with Bristol-Myers-Squibb for its ENHANZE drug-delivery technology. Following these agreements, which include upfront and milestone payments, as well as long-term royalty streams, Halozyme increased its cash-balance guidance for the year. Halozyme has two main parts to its business: a drug-delivery technology that has been profitable and growing, and a proprietary exploratory oncology pipeline.

From First Eagle Fund of America third quarter 2017 shareholder commentary.