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Halozyme Reports First Quarter 2012 Financial Results
Date:5/7/2012

statements. The forward-looking statements are also identified through use of the words "believe," "enable," "may," "will," "could," "intends," "estimate," "anticipate," "plan," "predict," "probable," "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from the expectations contained in forward-looking statements as a result of several factors, including unexpected expenditures, clinical trial results, delays in development and regulatory review, regulatory approval requirements and competitive conditions. These and other factors that may result in differences are discussed in greater detail in the Company's reports on Forms 10-K, 10-Q, and other filings with the Securities and Exchange Commission.

Media/Investor Contact:
Anne Erickson
Executive Director
Halozyme Therapeutics
858-704-8264
aerickson@halozyme.com Halozyme Therapeutics, Inc.Unaudited Condensed Consolidated Statements of OperationsThree Months Ended March 31,20122011REVENUES:Product sales, net

$
87,411$165,449Revenues under collaborative agreements

7,252,7687,378,445Total revenues

7,440,1797,543,894OPERATING EXPENSES:Cost of product sales

70,76111,717Research and development

15,891,10913,785,797Selling, general and administrative

6,618,7073,405,966Total operating expenses

22,580,57717,203,480OPERATING LOSS

(15,140,398)(9,659,586)Interest and other income, net

21,21723,869NET LOSS

$  (15,119,181)$ (9,635,717)Basic and diluted net loss per share

$
(0.14)$
(0.10)Shares used in computing basic and diluted net loss per share

107,589,514100,927,402 Halozyme Therapeutics, Inc.Unaudited Condensed Consolidated Balance SheetsMarch 31,December 31,20122011ASSETSCurrent assets:Cash and cash equivalents

$
,608,304$
52,825,527Account
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SOURCE Halozyme Therapeutics, Inc.
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