Shares in Halozyme Therapeutics jump 20% on Phase II results

5 January 2017

American biotech firm Halozyme Therapeutics (Nasdaq: HALO) has released positive news from a much-anticipated Phase II trial of the company’s lead investigational compound.

PEGPH20, an anticancer agent, is designed to make existing treatments more effective by breaking down potential barriers to the tumor.

Shares in the company jumped more than 20% to $13 before markets opened. Strong investor interest continues to support higher than average volumes of trading in the company.

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