Halozyme and Incyte Announce Global Collaboration for Subcutaneous Oncology Drug

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Summary · why it matters

Halozyme Therapeutics and Incyte Corporation announced a global collaboration and licensing deal to develop a subcutaneous formulation of Incyte's INCA033989, a first-in-class monoclonal antibody targeting mutant calreticulin-expressing myeloproliferative neoplasms. Under the agreement, Halozyme will provide its proprietary ENHANZE drug delivery technology, while Incyte will hold an option to nominate two additional targets. Halozyme will receive an upfront payment, milestone payments, and royalties on commercial sales. Both companies reported record second-quarter 2026 results, with Halozyme's revenue up 48% to $481 million and Incyte's total revenue up 38% to $1.67 billion. Halozyme raised its full-year revenue guidance to $1.835–$1.910 billion, and Incyte raised its net sales guidance to $5.13–$5.26 billion.

Impact on assets 2

Biotech & Genomic Medicine▲ · 2 stocks
Halozyme Therapeutics Inc
HALO
▲ PositiveDemandrelevance

Halozyme's ENHANZE technology is central to the collaboration, with upfront, milestones, and royalties.

Incyte Corporation
INCY
▲ PositiveDemandrelevance

Incyte's INCA033989 is the subject of the deal, gaining development and commercialization support.

Theme Impact 2

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