Fly News Breaks for March 10, 2015
NKTR
Mar 10, 2015 | 07:43 EDT
JPMorgan says it sees a "potentially interesting" risk/reward for shares of Nektar Therapeutics into the phase III BEACON study of NKTR-102 expected this month. The firm believes shares at current levels reflect $2 for NKTR-102, and that the stock could trade up $5 should the drug demonstrate a statistically significant overall survival benefit. JPMorgan assigns a 20% probability of success to '102, an assumption it views as conservative. It keeps an Overweight rating on Nektar with a $19 price target.
News For NKTR From the Last 2 Days
NKTR
Apr 24, 2024 | 07:20 EDT
Biolojic Design announced that Nektar exercised its license option to develop a program resulting from the companies' research collaboration initiated in 2021. The research collaboration was established to design and test agonistic antibodies targeting tumor necrosis factor receptor type II, a novel, biologically-validated disease target implicated in a wide range of autoimmune diseases that has been difficult to drug with conventional medicines. The antibody program selected for development is designed to modulate the TNFR2 pathway in order to agonize - or activate - T regulatory cells and other anti-inflammatory cell populations, making this a promising approach to stimulating the immune system in ulcerative colitis, multiple sclerosis, vitiligo, and other autoimmune disease states. Under the 2021 research agreement, Nektar has tested antibodies computationally designed by Biolojic Design to precisely agonize the TNFR2 receptor. Following successful preclinical in vitro and in vivo studies, Nektar decided to exercise the license option and has been advancing the program through IND enabling studies since late December, 2023. If the NKTR-0165 candidate proceeds through clinical development, Biolojic Design is entitled to development milestones and sales royalties.