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Halozyme Therapeutics Inc. (HALO) Plunged To A New Low On FDA News

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8/3/2012 7:30 AM ET

Halozyme Therapeutics Inc. (HALO: Quote) announced after the close Wednesday that the Center for Biologics Evaluation and Research of the FDA has issued a complete response letter for Baxter's HyQ Biologics License Application.

Halozyme Therapeutics gapped open dramatically lower Thursday, but traded in a narrow range throughout the session. Shares finished down by 4.26 at $4.30 on the highest volume of the year. The stock plunged to a new low for the year.

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by RTT Staff Writer

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