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Pancreatic Cancer

Halozyme Shares Plummet After Concerns Halt Pancreatic Cancer Trial

Shares of Halozyme (NASDAQ:HALO) slumped more than 23% Friday morning after the company halted a trial for its experimental pancreatic cancer drug amid concerns from a third- party review committee. The San Diego-based pharmaceutical company said it temporarily halted enrollment in the trial after receiving a notice Thursday by an independent data monitoring committee -- a third-party group of experts that provide recommendations to the U.S. Food and Drug Administration.The committee raised concerns about the thromboembolic event rate -- or the likeliness that blood clots could form, which could cause a stroke. Halozyme said it halted the trial as a "precautionary" move while the committee evaluates the trial data."Patient safety is our first priority," Halozyme CEO Dr. Helen Torley said in a statement. “We will be providing additional information to the DMC as quickly as possible so they can complete their assessment and we can determine next steps."The ongoing Phase II trial was stud...

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