Jul. 3 at 7:18 PM
$HALO The exclusion of Orphan Drugs from CMS price negotiations got approved by the House today (included in the Big Beautiful Bill) and will be signed into law by Trump tomorrow. Darzlex, Opdivo and most Halozyme Enhanze partnered products already have the Orphan Designation. Halozyme's share price decline in May form high
$60's to low
$50's was due to an analyst (Leerink Partners) downgrade based on his concern with CMS price negotiations affecting halozyme's earnings from Darzelx/Faspro. Since this threat is removed, expect share price recovering in short order. I wouldn't hold your breath on the analyst reversing his call. They are typically slow.
https://www.mmm-online.com/news/one-big-beautiful-bill-passes-heres-what-pharma-marketers-need-to-know/