Nektar Therapeutics Stock Price, News & Analysis

Nektar Therapeutics (NKTR) reported Q3 2021 financial results, revealing revenues of $24.9 million, down from $30.0 million in Q3 2020. Year-to-date revenues were $76.9 million, significantly lower than $129.5 million for the same period last year, primarily due to $50 million in milestone recognition in 2020. Total operating expenses rose to $138.5 million, while the net loss for Q3 was $129.7 million or $0.70 per share, compared to $108.6 million or $0.61 per share in Q3 2020. The company emphasized progress in clinical trials and upcoming data releases.

Nektar Therapeutics (NKTR) will announce its financial results for Q3 2021 on November 4, 2021, after U.S. markets close. CEO Howard Robin will lead a conference call to discuss the results at 5:00 p.m. ET. Interested parties can access the press release and the live audio webcast via their website. A replay of the conference call will be available until December 6, 2021. Nektar specializes in developing therapies in oncology, immunology, and virology, supported by a robust R&D pipeline.

Nektar Therapeutics (NASDAQ: NKTR) announced a new oncology collaboration with Merck KGaA and Pfizer to study NKTR-255, an interleukin-15 receptor agonist, in combination with avelumab in a Phase II study for urothelial carcinoma. The JAVELIN Bladder Medley study will evaluate this combination as a maintenance therapy for patients who have not progressed on first-line chemotherapy. Nektar will supply NKTR-255, and the trial aims to start enrolling patients in Q1 2022. Both NKTR-255 and avelumab remain investigational and are not yet approved for use together.

Nektar Therapeutics (NKTR) reported a revenue of $28.3 million for Q2 2021, down from $48.8 million in Q2 2020, largely due to a $25 million milestone from Bristol-Myers Squibb recognized in the prior year. Operating costs increased to $138.5 million from $126.6 million, driven by higher R&D and G&A expenses. The net loss widened to $125.5 million or $0.69 per share, compared to $80 million or $0.45 per share in Q2 2020. The company aims for crucial clinical data releases in 2022.

Nektar Therapeutics (Nasdaq: NKTR) will announce its Q2 2021 financial results on August 5, 2021, after U.S. markets close. The conference call, hosted by CEO Howard Robin, will commence at 5:00 p.m. ET. Investors can access the press release and the live webcast via the company’s website, with a replay available until September 5, 2021. Nektar is focused on developing investigational medicines in oncology, immunology, and virology and operates in San Francisco, Alabama, and India.

Nektar Therapeutics (Nasdaq: NKTR) has appointed Dr. Dimitry S.A. Nuyten, M.D., Ph.D., as Senior Vice President and Chief Medical Officer. Dr. Nuyten will oversee the company's clinical strategy, including clinical operations and medical affairs. He brings extensive experience from previous leadership roles at Bristol Myers Squibb and Pfizer, where he led significant oncology programs. Brian Kotzin, M.D., who served as interim CMO, will continue as Senior Vice President of Clinical Development and Head of Immunology. The appointment aligns with Nektar’s growth in developing innovative therapies.

Nektar Therapeutics (Nasdaq: NKTR) will participate in a virtual fireside chat at the Goldman Sachs 42nd Annual Global Healthcare Conference on June 8, 2021, at 2:10 p.m. ET. This event allows investors to gain insights into Nektar's strategic direction and pipeline developments. The presentation can be accessed via a webcast on Nektar's Investor Events page and will remain available for replay until July 9, 2021. Nektar is a biopharmaceutical company focused on oncology, immunology, and virology, headquartered in San Francisco.

Nektar Therapeutics (NKTR) published preclinical data on NKTR-358 in the Journal of Translational Autoimmunity, showcasing its ability to selectively stimulate T regulatory (Treg) cell function for treating autoimmune disorders. The data indicated that NKTR-358 promotes sustained Treg expansion while minimizing T effector cell proliferation. Key findings included enhanced pharmacokinetics and efficacy in murine models of systemic lupus erythematosus (SLE). Continued clinical development is supported by ongoing Phase 2 studies conducted by Eli Lilly in various autoimmune conditions.

Nektar Therapeutics (NKTR) published pivotal preclinical data on NKTR-255, an IL-15 receptor agonist, in the Journal for ImmunoTherapy of Cancer. The data indicate NKTR-255 shows enhanced pharmacologic properties and superior anti-tumor efficacy compared to existing IL-15 agonists. This positions NKTR-255 favorably in its ongoing clinical trials for treating hematologic malignancies and solid tumors. The drug retains receptor binding like rhIL-15 while exhibiting reduced clearance and a longer half-life, supporting its therapeutic potential in immuno-oncology.