Halozyme Thera in $500 million-plus deal with Pfizer for biologics

24 December 2012

US biotech Halozyme Therapeutics (Nasdaq: HALO) saw its shares leap 27% to $7.01 by close of trading last Friday, when the company announced a deal with drugs behemoth Pfizer (NYSE: PFE) that could earn it more than half a billion dollars, to develop and commercialize products combining proprietary Pfizer biologics with Halozyme's drug delivery platform Enhanze.

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