Halozyme plunges, Baxter bruised on US FDA call for more HyQ safety data
This article was originally published in Scrip
Executive Summary
Shares of Halozyme plummeted as low as 33.4%, or $3.76, on 16 April after the San Diego-based biotech and its partner Baxter International disclosed that the US FDA wants additional safety data before it will complete its review of the biologics license application (BLA) for HyQ, a combination of immune globulin infusion and recombinant human hyaluronidase (rHuPH20) under investigation to treat primary immunodeficiency disorder.
You may also be interested in...
Moderna's Valera Takes mRNA Approach To Combat Zika
With new funding in hand, Moderna and its infectious disease venture Valera are going full-speed ahead with a Zika vaccine, taking an mRNA approach, which they said could be a more rapid strategy to try to stop the disease.
Allergan's Price Reform Pledge: Will Others Follow?
Allergan CEO Brent Saunders vows not to engage in price gouging and says his firm will limit cost increases to single-digit percentages, occurring only once per year. But it's unclear whether Saunders will stand as a lone wolf in the industry or if others will make similar pledges.
Clinton's Drug Price Plan: Threat Or Flash In The Political Pan?
Hillary Clinton's plan to rein in high prices of older medicines, which includes creating a federal panel that has authority to impose fines, may grab headlines, but some analysts think it's unlikely to get very far in a divided Washington.