Halozyme’s pancreatic cancer drug succeeds in mid-stage trial

(Reuters) – Halozyme Therapeutics Inc said its flagship drug delivery technology in tandem with therapies from Celgene Corp and Eli Lilly and Co succeeded in a mid-stage study involving patients with an advanced form of pancreatic cancer. Shares of Halozyme were up 47.3 percent at $15.77 in trading before the opening bell on Thursday. Halozyme’s PEGPH20, in combination with Celgene’s Abraxane and Lilly’s gemcitabine, conferred a statistically significant benefit in helping patients live longer without their cancer worsening.

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Halozyme’s pancreatic cancer drug succeeds in mid-stage trial