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Halozyme Therapeutics, Inc. (NASDAQ:HALO) ranks among the most profitable biotech stocks to buy now. On April 13, TD Cowen reaffirmed its Buy rating and $96 price target for Halozyme Therapeutics, Inc. (NASDAQ:HALO). The firm forecasts Halozyme to continue to outperform expectations and enhance guidance due to strong growth catalysts such as Vyvgart Hytrulo, Darzalex Faspro, and Phesgo.
Halozyme Therapeutics, Inc. (NASDAQ:HALO) began to disclose the royalties from these three medications during the past quarter. TD Cowen stated that Vyvgart Hytrulo is a more significant contributor than previously assumed, which reduces the risk of near-term royalty increase, assuming the ongoing success across numerous indications.
Similarly, following a collaboration announcement, Leerink Partners reiterated its Market Perform stock rating and $83 price target for Halozyme Therapeutics, Inc. (NASDAQ:HALO). Halozyme has established an affiliation with Vertex Pharmaceuticals on the Hypercon technology platform.
Compared with Halozyme’s ENHANZE platform, the Hypercon technology enables higher drug concentrations, making at-home treatment possible. In addition to possible future milestone payments and royalties, Vertex will reimburse Halozyme $15 million in advance.
Halozyme Therapeutics, Inc. (NASDAQ:HALO) is a biopharmaceutical technology platform company that creates, manufactures, and sells drug-device combination solutions using advanced auto-injector technologies.
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