Can Halozyme Therapeutics Continue Its Momentum in 2020?
Halozyme Therapeutics (NASDAQ: HALO) underperformed the broader market in 2019 by 8%. The company cruised into 2020 with its stock up more than 10% year to date, but investors may be wondering if this stock can outperform the S&P 500 this year.
The 22-year-old biopharma technology platform company is focused on innovative and disruptive technology that converts intravenous medicines to be delivered subcutaneously (meaning injected into the skin, rather than into the veins) allowing for optimal dosage for patients and resulting in better outcomes.
In November, Halozyme repositioned itself from a novel oncology therapy developer to a biopharma technology platform company. This bold strategic move to cut ties with its oncology operations will provide long-term opportunities and guide it toward profitability. The company made an announcement of a leadership change at the Chief Financial Officer position last week and it has many catalysts this year that will offer strength in its goals toward long-term growth and profitability. These moves make Halozyme a great investment for years to come.
Source Fool.com
