Morningstar - Nektar Therapeutics (NKTR) Business as Usual for Nektar Before Upcoming Trial Readout at SITC; Maintaining $39 FVE

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Morningstar

Karen Andersen

EUR 100.00 For Business Accounts Only

Business as Usual for Nektar Before Upcoming Trial Readout at SITC; Maintaining $39 FVE

Nektar's third quarter was in line with our expectations as the firm reported a net loss of $96 million while funding research and development for its immuno-oncology candidates. The emerging biotech reported nearly $28 million in revenue, from smaller product sales and collaboration revenue, and reiterated full-year guidance. Nektar ended the quarter with $2 billion in cash and equivalents, thanks to the significant upfront payment of over $1 billion from Bristol Myers recognized in the second ...

08/11/2018 12 EN

Underlying

Nektar Therapeutics

Nektar Therapeutics is a research-based biopharmaceutical company. The company's proprietary drugs and drug candidates that have either received regulatory approval or are being developed by the company or in collaboration with other pharmaceutical companies or independent investigators include: ONZEALD?, a topoisomerase I inhibitor targeted for advanced metastatic breast cancer in patients with brain metastases; NKTR-181, an orally-available mu-opioid analgesic molecule for moderate to severe chronic pain; NKTR-214, a CD122-biased immune-stimulatory cytokine targeted for oncology; NKTR-358 for autoimmune disease; NKTR-262 targeted for solid tumors; and NKTR-255 targeted for immuno-oncology.

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US6402681083 NASDAQ Stock Market United States

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Karen Andersen

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Business as Usual for Nektar Before Upcoming Trial Readout at SITC; Maintaining $39 FVE

Form 8.3 - The Vanguard Group, Inc.: Nektar Therapeutics, Inc

Form 8.3 - The Vanguard Group, Inc.: Nektar Therapeutics, Inc

NEKTAR THERAPEUTICS suffers a double requalification, which weighs heavily on its rating, now at Negative.

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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