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Halozyme cut to EqualWeight at Barclays

  • Halozyme Therapeutics (HALO -3.9%) slips after being downgraded to EqualWeight at Barclays.
  • The firm cites concern over FDA approval for certain product lines, saying it believes that PH20 remains a commercially viable platform, but FDA concerns over antibodies to PH20 put a damper on the approvability of any blood product such as HyQ and Cinryze in combination with PH20.
  • Barclays thinks the overhang will likely limit the stock's upside potential - especially in light of the VPHM announcement.
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