Nektar Therapeutics (NKTR) Misses Q1 EPS by 6c, Sales Rise

Nektar Therapeutics (NASDAQ: NKTR) reported Q1 EPS of ($0.48), $0.06 worse than the analyst estimate of ($0.42). Revenue for the quarter came in at $23 million versus the consensus estimate of $26.3 million but up from $17.9 million last year.

"We made great progress advancing two key clinical programs for Nektar over the past quarter," said Howard W. Robin, President and Chief Executive Officer of Nektar. "Our partner Bayer initiated Phase 3 studies for Amikacin Inhale in gram-negative pneumonia. Up to 90% of hospital pneumonias occur in patients who are on ventilators and Amikacin Inhale could provide physicians with a new treatment option for treating these deadly pneumonias. In addition, Nektar initiated our second Phase 2 study for NKTR-181, our wholly-owned analgesic molecule which has received Fast Track Status from the FDA. We expect to report data from both Phase 2 studies of NKTR-181 during the summer."

For earnings history and earnings-related data on Nektar Therapeutics (NKTR) click here.

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