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Stock impact report

Nektar rises 11% as BTIG initiates buy rating on autoimmune disorders asset [Seeking Alpha]

Nektar Therapeutics (NKTR) 
Last nektar therapeutics earnings: 2/27 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.nektar.com/investor-relations
Company Research Source: Seeking Alpha
first-in-class regulatory T cell stimulator, for autoimmune disorders and chronic inflammatory diseases. The firm has a Street-high price target of $4 (~242% upside based on Sept. 27 close). Analyst Julian Harrison noted a "broad disconnect" between the drug's potential and Nektar's stock price of late. "We see a clear path to upside unlocked through additional clinical data and litigation that could shine light on the true reasons," he added. Harrison noted that the drugmaker is expecting phase 2b data on rezpeg in atopic dermatitis H1 2025 and in alopecia areata in mid-2025. Eli Lilly ( LLY ) had partnered with Nektar on rezpeg, but then the former returned all rights back to the latter in April 2023. In August 2023, Nektar sued Lilly alleging that it miscalculated key trial data for rezpeg. Harrison wrote that Lilly "left several inaccuracies for NKTR to correct." Nektar is up 11% in Monday afternoon trading. More on Nektar Therapeutics Nektar Therapeutics (NKTR) Show less Read more
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