Pharma BD Deal Intelligence

Roche Holding AG / Halozyme Therapeutics, Inc.

2017 · Licensing/Option · $190M · Complete

CALLED IT — OFF BY 19

Not an acquisition: Roche never bought Halozyme (still independent, NASDAQ: HALO); this was an ENHANZE tech-licensing deal that successfully delivered Phesgo, a genuine Roche growth driver

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The coverage arc

Sep 14, 2017 Halozyme Therapeutics Form 8-K Exhibit 99.1 (Q3 2017) Neutral

Form 8-K exhibit documents the expanded ENHANZE collaboration and license agreement with Roche, including the new target license, upfront payment, milestone…

Sep 15, 2017 GEN (Genetic Engineering & Biotechnology News) Bullish

Halozyme inks $2B+ in ENHANZE licensing deals with BMS and Roche; Roche's extension underscores growing demand for subcutaneous reformulation of biologics.

Dec 01, 2024 Halozyme IR Bullish

ENHANZE is now used in 10+ commercial co-administered products in 100+ countries with tens of billions of dollars in commercial revenue across Roche, J&J,…

Source summaries from our enrichment pipeline; follow links for originals.

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Roche expanded its longstanding ENHANZE collaboration with Halozyme to add an additional undisclosed therapeutic target. Halozyme received $30M upfront plus eligibility for up to $160M in development, regulatory and sales-based milestones plus tiered royalties. The expansion built on the original 2006 collaboration that produced subcutaneous Herceptin and MabThera/Rituxan formulations.

Did it work? Outcome assessment

Not an acquisition: Roche never bought Halozyme (still independent, NASDAQ: HALO); this was an ENHANZE tech-licensing deal that successfully delivered Phesgo, a genuine Roche growth driver

Strategic verdict
Achieved Stated Rationale

Key facts

Related deals — scored

DealYearValueOutcome
Roche Holding AG / Halozyme Therapeutics, Inc. (this deal)2017$190M75
Roche Holding AG / Chugai Pharmaceutical Co. Ltd.2002$1.4B100
Roche Holding AG / Ventana Medical Systems Inc.2008$3.4B88
Roche Holding AG / Corange Ltd. (Boehringer Mannheim Group)1997$11.0B88
Roche Holding AG / Ventana Medical Systems Inc.2007$3.4B88
Roche Holding AG / Foundation Medicine, Inc.2015$1.1B87
Roche Holding AG / Foundation Medicine, Inc.2018$5.3B85

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