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Market Impact: 0.35

Vertex Licenses Halozyme's Hypercon Technology For Use In Up To Three Drug Targets

HALOVRTX
Healthcare & BiotechPatents & Intellectual PropertyTechnology & InnovationCompany Fundamentals

Halozyme's subsidiary Halozyme Hypercon signed a global exclusive collaboration and license agreement with Vertex Pharmaceuticals to license Halozyme's Hypercon technology for use in up to three drug targets. Financial terms were not disclosed; the deal represents third-party validation of Halozyme's platform and could be accretive to Halozyme's pipeline value if targets advance.

Analysis

Halozyme's subsidiary Halozyme Hypercon signed a global exclusive collaboration and license agreement with Vertex Pharmaceuticals to license Halozyme's Hypercon technology for use in up to three drug targets. Financial terms were not disclosed; the deal represents third-party validation of Halozyme's platform and could be accretive to Halozyme's pipeline value if targets advance.

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