Nektar Therapeutics reports Q1 2026 financial results
Cash reaches $731.6M. Revenue $10.9M, net loss $44.9M. Advances rezpegaldesleukin Phase 3 trials. Raises $373.8M in offering.
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Biopharmaceutical company developing autoimmune and inflammatory therapies
nektar.comLast updated
In short: Nektar reported Q1 2026 financial results, raised $373.8M in a public offering, and progressed its rezpegaldesleukin Phase III trial program.
Cash reaches $731.6M. Revenue $10.9M, net loss $44.9M. Advances rezpegaldesleukin Phase 3 trials. Raises $373.8M in offering.
The offering includes full exercise of underwriters' option for additional shares sold at $92.00 per share. Gross proceeds are approximately $373.8 million before expenses.
Sells 3,532,609 shares at $92 each. Proceeds fund R&D, clinical trials, manufacturing. Closes April 23, 2026.
The offering includes common stock and pre-funded warrants, with an option for underwriters to buy additional shares. Proceeds will fund R&D, clinical trials, and manufacturing.
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