“The transaction is expected to be less than 5% dilutive to Non-GAAP diluted EPS over medium-term, excluding potential milestone payments related to programs in development, which could offset dilution prior to projected royalty revenue in 2030 and beyond. We expect full year 2026 incremental operating expense of approximately $55 million. Today, Halozyme (HALO) is reaffirming its 2025 guidance ranges, which were last updated on August 5th, 2025, excluding the impact of the accounting treatment of the transaction. The final determination of whether this transaction will be accounted for as a business combination or asset acquisition will be determined at the close.”
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