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Nektar Therapeutics (Nasdaq: NKTR) is a leading biopharmaceutical company headquartered in San Francisco, California, with additional manufacturing operations in Huntsville, Alabama. The company specializes in developing novel therapeutics using its advanced polymer conjugate chemistry technology platform. Nektar has a robust, wholly-owned research and development pipeline of investigational medicines in oncology, immunology, and virology, alongside a portfolio of approved partnered medicines.
Oncology: Nektar is actively working on activating the body's natural tumor-fighting mechanisms. Several immuno-oncology drug candidates are being studied in clinical trials for various cancer indications. One of the most notable candidates is NKTR-255, which targets the IL-15 pathway to enhance anti-tumor immune response by boosting the proliferation and persistence of NK and CD8+ T cells.
Immunology: The company is dedicated to addressing imbalances in the immune system to restore self-tolerance and achieve immune homeostasis. Rezpegaldesleukin (REZPEG), a novel T regulatory cell biologic, is being evaluated in Phase 2b studies for atopic dermatitis and alopecia areata. This biologic aims to dampen inflammatory responses and restore immune balance.
Virology: Nektar is exploring the use of selective immuno-modulators to combat viral infections by modulating the immune system's response. The company's technology has enabled the development of nine approved products for partners, including some of the top biopharmaceutical companies.
Recent Achievements: Recent highlights include the initiation of a Phase 2b study for REZPEG in severe to very severe alopecia areata, and a poster presentation at the 65th American Society of Hematology Annual Meeting showcasing preclinical data on NKTR-255. These studies underscore Nektar's commitment to advancing innovative treatments for critical health conditions.
Financial Condition: On March 4, 2024, Nektar announced a securities purchase agreement with TCGX for a $30 million private placement, bolstering its financial position and extending its cash runway into the third quarter of 2026. Additionally, the company reported ongoing clinical trials and collaborations, including studies with CAR-T cell therapies and PD-1 immunotherapies, further enhancing its pipeline.
For more information about Nektar Therapeutics and its pioneering drug development programs, visit Nektar's official website.
Nektar Therapeutics (NASDAQ: NKTR) has appointed Brian Kotzin, MD, as Interim Chief Medical Officer and Head of Development, effective immediately. Dr. Kotzin, previously Senior Vice President of Clinical Development and Head of Immunology since 2017, will replace Wei Lin, who is leaving for another opportunity. Dr. Kotzin brings over 30 years of experience in immunology, having led significant development programs including NKTR-358. His leadership is expected to strengthen Nektar's focus on its immune-oncology and immunology pipeline.
Nektar Therapeutics has announced a deal to sell its royalties from ADYNOVATE and MOVANTIK to Healthcare Royalty Management for $150 million, expected by December 31, 2020. These funds will support clinical trials for Nektar's immune-oncology programs. The agreement allows HCR to receive royalties up to $210 million by 2025, reverting to Nektar after. By year-end 2020, Nektar anticipates holding about $1.2 billion in cash and investments. This non-dilutive financing aims to strengthen Nektar's financial position as it advances its IL-2 and IL-15 pipeline programs.
Nektar Therapeutics (NASDAQ:NKTR) announced the dosing of the first patient in a Phase 1/2 trial of NKTR-255, aimed at treating relapsed/refractory head and neck squamous cell carcinoma and colorectal cancer. The trial involves up to 80 patients across 15 sites in the U.S. and EU, assessing NKTR-255 alongside cetuximab. NKTR-255 activates the IL-15 pathway, promoting NK and CD8+ T cell expansion without suppressive regulatory T cells. Initial data showed NKTR-255 was well tolerated and biologically active, enhancing lymphocyte expansion.
Nektar Therapeutics (NASDAQ: NKTR) presented nonclinical data for its IL-15 pathway agonist, NKTR-255, at the 62nd ASH Annual Meeting. The research, in collaboration with Dana-Farber Cancer Center, highlights NKTR-255's potential to enhance natural killer (NK) cell and memory CD8 T cell functions. Currently in Phase 1b/2 studies, NKTR-255 aims to combine with agents like rituximab for treating multiple myeloma (MM) and non-Hodgkin's lymphoma (NHL), showing promising anti-tumor activity.
Nektar Therapeutics (NKTR) announced notable data presentations regarding its immuno-oncology pipeline at the 2020 Society for Immunotherapy of Cancer Annual Meeting. Key developments include the PIVOT-02 study data for BEMPEG plus nivolumab, showing a 53% overall response rate and a 30.9-month median progression-free survival in Stage IV melanoma patients. NKTR also reported promising results for NKTR-262 and NKTR-255, with biological activity demonstrated in patients with hematologic malignancies. The findings underscore the potential of Nektar's therapies to effectively enhance anti-cancer immunity.
Nektar Therapeutics (NASDAQ:NKTR) announced a webcast conference call on November 11, 2020, at 4:15 p.m. EST featuring oncology experts and company management. The event coincides with the 2020 Society for Immunotherapy of Cancer Annual Meeting. Key topics include clinical data from three studies, notably the PIVOT-02 study involving bempegaldesleukin (NKTR-214) and nivolumab. Notable presenters include Drs. Adi Diab, Brendan Curti, and Nina Shah. Interested parties can access the call via dial-in or live audio webcast, with a replay available for two weeks.
Nektar Therapeutics (NKTR) reported Q3 2020 financial results showing revenue growth to $30.0 million from $29.2 million in Q3 2019, and a year-to-date revenue of $129.5 million, up from $80.8 million in the same period last year, driven by milestone payments from Bristol-Myers Squibb for new trials. Operating costs rose to $133.1 million, resulting in a net loss of $108.6 million or $0.61 per share. The company is advancing its immuno-oncology pipeline despite challenges, with promising enrollment in key studies.
Nektar Therapeutics (NASDAQ:NKTR) presented additional clinical data from the Phase 1b study of NKTR-358, a T regulatory cell stimulator, at the ACR 2020 conference. The data showed NKTR-358 was safe and well-tolerated in patients with mild-to-moderate systemic lupus erythematosus (SLE), demonstrating a dose-dependent expansion of regulatory T cells and a reduction in clinical scores after three treatment cycles. The company is advancing to a Phase 2 trial in lupus patients, supported by encouraging biomarker changes, and is pursuing other studies in atopic dermatitis and psoriasis.
Nektar Therapeutics (NASDAQ: NKTR) will host a webcast conference call on November 4, 2020, at 4:15 p.m. EST, featuring insights on NKTR-358, their investigational therapy for autoimmune diseases, during the ACR 2020 event. Dr. David Klatzmann from Sorbonne University will discuss findings from their Phase 1b study. Additional details include a virtual poster presentation on November 9, 2020, showcasing data on regulatory T cells and NKTR-358's role in lupus treatment. A Phase 2 study for NKTR-358 is currently in progress.
Nektar Therapeutics (NKTR) will report its Q3 2020 financial results on November 5, 2020, after U.S. markets close. CEO Howard Robin will lead a conference call at 5:00 p.m. ET. The conference call details include the dial-in number: (877) 881-2183 for U.S. participants and (970) 315-0453 for international callers, with a conference ID of 5192707. The call will be accessible via a live webcast and available for replay until December 1, 2020. For more information, visit their website.
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