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Halozyme Reports First Quarter 2013 Financial Results
Date:5/8/2013

received FDA clearance to start an artificial pancreas investigator initiated trial that incorporates Hylenex.  The study will test the effect of Hylenex in the continuous loop setting.
  • Initiated an additional multi-lot campaign with our higher productivity manufacturing process to support potential Roche product launches.
  • Appointed Matt Posard , Senior Vice President and General Manager of Translational & Consumer Genomics at Illumina, Inc., to our Board of Directors.
  • First Quarter 2013 Financial Highlights

  • Revenues for the first quarter of 2013 were $11.8 million, compared to $7.4 million for the first quarter of 2012. Revenues in the first quarter of 2013 included $9.7 million in revenue from research and development reimbursements from partners primarily related to manufacturing activities to support potential launches by our partners.
  • Research and development expenses for the first quarter of 2013 were $22.0 million, compared with $15.9 million for the first quarter of 2012. The increase was due primarily to an increase in manufacturing activities to support potential launches by our partners and an increase in clinical trial activities.
  • Selling, general and administrative expenses for the first quarter of 2013 were $7.6 million, compared to $6.6 million for the first quarter of 2012. The increase was mainly due to an increase in marketing activities.
  • The net loss for the first quarter of 2013 was $19.3 million, or $0.17 per share, compared with a net loss for the first quarter of 2012 of $15.1 million, or $0.14 per share.
  • Cash, cash equivalents and marketable securities were $87.4 million at March 31, 2013, compared with $99.5 million at December 31, 2012. Net cash used in the first quarter of 2013 was approximately $12.0 million.
  • Conference
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    SOURCE Halozyme Therapeutics, Inc.
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