Halozyme said its analysis of CMS's Nov. 5, 2026 final rule for the Medicare Drug Price Negotiation Program projects zero to minimal impact to royalty revenues through at least 2035 and no projected impact on signing new ENHANZE partnerships.
Halozyme announced a Dutch patent court ruled in its favor against Merck, halting injectable Keytruda production in eight European markets. The decision strengthens Halozyme's IP position related to its Enhanze drug-delivery technology and could open licensing or settlement avenues. The near-term outcome depends on Merck's potential appeal and any monetization terms.
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