Nektar Therapeutics (NKTR)
Nektar Therapeutics (NKTR) is a biotechnology company focused on developing innovative immuno-oncology, pain, and inflammatory treatments. It leverages its proprietary drug discovery platform to create therapies that stimulate the body's immune system to fight diseases, particularly cancer. The company collaborates with other pharmaceutical firms and seeks to bring novel therapies to market through its research and development efforts.
Company News
Biotech company Nektar Therapeutics reported Q2 earnings with lower revenue compared to last year, but received positive market reaction and FDA Fast Track designation for an investigational drug targeting alopecia areata.
Nektar Therapeutics reported a wider-than-expected loss in Q2 2024, despite a 14.6% increase in total revenues. The company's lead pipeline candidate, rezpegaldesleukin, is progressing through clinical trials for autoimmune and inflammatory diseases.
Nektar Therapeutics' rezpegaldesleukin is now in two phase 2 studies, one in atopic dermatitis and one in alopecia areata. See why NKTR stock is a Hold.
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