Company Projects No Impact on U.S. or European Royalty Revenues from DARZALEX FASPRO ® and SC through 2032 Reiterates 2024 Royalty Revenue Guidance of $520 -555 million and Expectations to Generate > $1 billion in 2027 Conference Call Scheduled Today, Thursday, October 24 at 5:30am PT / 8:30am ET SAN DIEGO , Oct.
24, 2024 /PRNewswire/ -- Halozyme Therapeutics, Inc. (NASDAQ: HALO ) today provided an update following a decision by the Opposition Division of the European Patent Office ("EPO") to revoke one of the Janssen Biotech, Inc. (Janssen) co-formulation patents for DARZALEX ® (daratumumab) SC (Patent EP 3827845).
"We remain confident in our strong royalty revenue projections with 8 approved partner products on the market today, which is expected to reach 10 by 2025. The EPO decision on a single co-formulation patent in Europe has no impact on our 2024 royalty revenue projections and expectations to exceed $1 billion in royalty revenues in 2027. We also project no impact on our U.
S. or European royalty revenues on sales of DARZALEX FASPRO and SC through 2032. Additionally, this decision has no impact on the ability of any other Halozyme licensee to obtain co-formulation patents for their innovations," said Dr.
Helen Torley , president and chief executive officer. "While we are disappointed with the EPO's decision today, if Janssen files an appeal in the case, today's decision would be suspended and the patent would remain in force until the case is finally decided," Dr. T.
