Nektar Therapeutics (NKTR) Tops Q1 EPS by 9c

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Go back to Nektar Therapeutics (NKTR) Tops Q1 EPS by 9c

Nektar Therapeutics Reports Financial Results for the First Quarter of 2016

May 3, 2016 4:05 PM EDT

SAN FRANCISCO, May 3, 2016 /PRNewswire/ -- Nektar Therapeutics (Nasdaq: NKTR) today reported its financial results for the first quarter ended March 31, 2016.

Cash and investments in marketable securities at March 31, 2016 were $288.3 million as compared to $308.9 million at December 31, 2015. This balance at March 31, 2016 does not include $28.0 million received from AstraZeneca in April of 2016 for the sublicense of MOVENTIG to ProStrakan in Europe.

"I am very pleased with the progress of both our proprietary pipeline and partner programs," said Howard W. Robin, President and Chief Executive Officer of Nektar. "MOVANTIK® has performed... More