Halozyme Therapeutics Inc (HALO)

[biotechinvestor1]

If you read the press release from 11/13/19 plus the one from last night and put it all together, you can see that Halo borrowed about $460 mil in 2019. They are paying back those not holders with around $520 mil (about $300 mil of it in cash and the rest in shares) from the money they raised yesterday. please double check my math. But importantly, they raised a whole lot more than the needed to pay back the old note. Since Helen sounded like she won’t be buying another platform anytime soon, I expect halozyme to use the extra money (around $400 mil) to buy back more shares. Look for an announcement from the board for a new round of buy backs.