Halozyme and Acumen ink collaboration for Enhanze technology
Halozyme Therapeutics (Nasdaq: HALO) today announced a global collaboration and non-exclusive license agreement with fellow US biotech Acumen Pharmaceuticals (Nasdaq: ABOS), following which the former’s shares dipped 1.2% to $35.62 and Acumen’s stock fell 1.1% to $2.14.
The deal will provide Acumen with access to Halozyme's Enhanze drug delivery technology, a proprietary recombinant human hyaluronidase PH20 enzyme (rHuPH20) for rapid subcutaneous drug delivery, for a single target.
Acumen intends to explore the potential use of Enhanze for ACU193, Acumen's clinical-stage monoclonal antibody (MAb) candidate to target amyloid-β oligomers (AβOs) for the treatment of early Alzheimer's disease (AD).
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