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Halozyme’s Spotlight Shifts To Enhanze Exclusively After PEGPH20 Fails In Phase III

 
• By Mandy Jackson

The Enhanze drug delivery technology, which is expected to be profitable starting next year, takes center stage as Halozyme discontinues PEGPH20 development and cuts its oncology operations along with 160 jobs.

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After 160 job cuts and with an Enhanze-only focus, Halozyme will be profitable next year. • Source: Shutterstock

Halozyme Therapeutics Inc.’s only clinical drug candidate PEGPH20 will exit the stage – along with the company’s oncology operations – now that the drug has failed to show an improvement in overall survival versus the standard of care in pancreas cancer in the Phase III HALO-301 clinical trial. The spotlight now will focus entirely on the Enhanze drug delivery platform as Halozyme restructures to support its existing partners, including two with product approvals anticipated next year.

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