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Form 8-K · Current Report · Filed 2024-02-20

Halozyme Reports Q4 2023 Financial Results and Announces New $750M Share Repurchase Program

Halozyme Therapeutics, Inc. reported its financial results for Q4 2023 and the full year, with total revenue of $230 million and $829 million respectively. The company reiterated its 2024 financial guidance and announced a new $750 million share repurchase program to commence in February 2024.

Filer
Halozyme Therapeutics Inc. HALO · NASDAQ
Filed
Accession
0001159036-24-000007
CIK
0001159036
Signal
Low impactHealthcare

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$36.10

Next session

+6.3%

Since filing

+205.4%

Latest close

$110.24

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from HALO reporting the same item, with the next session's move:

Halozyme Therapeutics Provides Preliminary 2023 Financial Estimates-3.9%

Exhibits (1)

About Halozyme Therapeutics Inc.

Halozyme Therapeutics Inc. is a biopharmaceutical company that specializes in developing and commercializing treatments focused on enhanced subcutaneous drug delivery. The company's proprietary technology, ENHANZE, aims to improve the efficacy and convenience of existing therapies by facilitating faster drug absorption and reducing the need for intravenous administration. Halozyme partners with major pharmaceutical companies to integrate its technology with a variety of treatments, significantly impacting the oncology, immunology, and genetic disorder sectors. This collaboration model helps expand the reach of its technology across multiple therapeutic applications. Based in San Diego, California, Halozyme is noted for its innovative approach to drug delivery, contributing to the broader pharmaceutical industry's efforts to improve patient experiences and optimize medical outcomes. As a significant player in the biopharmaceutical landscape, Halozyme's advancements continue to drive interest and growth within the market, underscoring the vital role of drug delivery technology in modern medicine.

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