Halozyme Therapeutics Temporarily Suspends PEGPH20 Phase 2 Enrollment and Starbucks Slashes their Prices
Halozyme Therapeutics, Inc. (NASDAQ: HALO) shares slumped on Friday, closing down 27.26% on about 20 million shares traded. The company announced that it would temporarily suspend enrollment in an ongoing Phase 2 trial of its PEGPH20 treatment of patients with pancreatic cancer. Halozyme said it would take "precautionary actions" in response to an independent data monitoring committee's suggestion on Thursday. The data monitoring committee "is assessing clinical data that indicates a possible difference in the thromboembolic event rate between the group of patients treated with PEGPH20, nab-paclitaxel and gemcitabine versus the group of patients treated with nab-paclitaxel and gemcitabine without PEGPH20," according to Halozyme's statement.
Halozyme Therapeutics, Inc., a biopharmaceutical company, researches, develops, and commercializes human enzymes. Its research focuses on human enzymes that transiently modify tissue under the skin to facilitate the delivery of injected drugs and fluids, or to alter abnormal tissue structures for clinical benefit. The companys products are based on the Enhanze technology, a patented human recombinant hyaluronidase enzyme that enables the subcutaneous delivery of injectable biologics, such as monoclonal antibodies and other therapeutic molecules, as well as small molecules and fluids.
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Starbucks Corporation (NASDAQ: SBUX) has slashed prices on some coffee and coffee products between April 1 to April 7 but didn’t give any reason for the decision. One conclusion is the breakfast feud going on between McDonald’s Corp. and Taco Bell. McDonalds has been giving away fresh brewed coffee during the day. Some products discounted by 25% are coffee, accessories such as cups and related products such as syrups. Via Iced Coffee has been discounted to $5.95, Pike’s Peak coffee machine pods dropped to $11.95, and Columbia Verismo pods were slashed to $12.85.
Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. Its stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, and juices and bottled water. The companys stores also provide fresh food offerings; ready-to-drink beverages; and various food products, including pastries, and breakfast sandwiches and lunch items, as well as beverage-making equipment and accessories.
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