Nektar Boasts Strong Pipeline, Competition Remains A Woe
Zacks Investment Research | Jan 16, 2018 09:41PM ET
On Jan 16, 2018, we issued an updated report on Nektar Therapeutics (NASDAQ:NKTR) , a biopharmaceutical company, focused on developing treatments and utilizing PEGylation plus advanced polymer conjugate technology platforms.
The company’s portfolio comprises two drugs — Movantik for opioid-induced constipation (OIC) and Adynovate for treating hemophilia A. Both drugs are showing impressive performance.
Nektar shares a global license agreement with AstraZeneca (NYSE:AZN) which granted the latter worldwide, exclusive rights to develop, market and sell Movantik as well as fixed-dose combination products.
The company also has a licensing, collaboration and manufacturing contract with Shire plc (NASDAQ:SHPG) for Adynovate. It receives royalties and sales milestones related to both the drugs. These licensing agreements are expected to provide regular funds to the company.
Nektar’s shares have substantially outperformed the Zacks Investment Research
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