Record Royalty Revenue
Halozyme reported a record royalty revenue of $236 million, a 52% increase year-over-year, contributing to total revenue of $354 million, which is a 22% growth year-over-year.
Strong Performance of Core Subcutaneous Therapies
The quarter's performance was driven by DARZALEX subcutaneous, Phesgo, and VYVGART Hytrulo, with DARZALEX achieving a 20% operational increase to $3.7 billion in sales.
Increased Full Year 2025 Guidance
Halozyme raised its full-year 2025 guidance, projecting total revenue of $1.3 billion to $1.375 billion, reflecting 28% to 35% growth over 2024.
Acquisition of Elektrofi
Halozyme announced the acquisition of Elektrofi to enable at-home administration of biologic therapies, aiming to expand its portfolio and patient-centric solutions.
Successful Launch of New Products
OCREVUS ZUNOVO, Tecentriq Hybreza, and OPDIVO Qvantig with ENHANZE have shown strong uptake and contribute to the future growth trajectory.
Strong Cash Flow and Share Repurchases
Year-to-date, $342 million of shares were repurchased, with robust cash flow allowing for balanced capital allocation.