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HALO - Halozyme bails on PEGPH20; to cut headcount 55%
Halozyme Therapeutics Inc.
Citing its intent to focus its resources on it ENHANZE drug delivery technology, Halozyme Therapeutics (HALO+1.1%) will terminate development of PEGPH20, shut down its oncology operations and cut 160 jobs representing ~55% of its workforce. Most (~80%) of the layoffs will be done by early January 2020.
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