Nektar Therapeutics (NKTR) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $-0.14 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.12. Analysts had a consensus of $-0.26. The company posted revenue of $58.88 million in the period, compared to analysts expectations of $43.90 million. The company’s revenue was down -45.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Nektar Therapeutics opened for trading at $15.84 and hit $15.99 on the upside on Monday, eventually ending the session at $15.98, with a gain of 1.91% or 0.3 points. The heightened volatility saw the trading volume jump to 9,17,281 shares. Company has a market cap of $2,172 M.
In a different news, on Apr 27, 2016, Lutz Lingnau (director) sold 15,000 shares at $16.27 per share price. According to the SEC, on Mar 11, 2016, Jillian B. Thomsen (SVP & Chief Accounting Officer) sold 15,000 shares at $11.79 per share price. On Feb 18, 2016, Ivan P. Gergel (SVP & Chief Medical Officer) sold 556 shares at $11.92 per share price, according to the Form-4 filing with the securities and exchange commission.
Nektar Therapeutics is a clinical-stage biopharmaceutical company. The Company is engaged in the development of a pipeline of drug candidates that utilize its PEGylation and advanced polymer conjugate technology platforms which are designed to enable the development of new molecular entities that target known mechanisms of action. The Companys pipeline is comprised of drug candidates for therapeutic areas including oncology pain anti-infectives and immunology. The Companys research and development activities involve small molecule drugs peptides and other potential biologic drug candidates. Its drug candidates are designed to improve the pharmacokinetics pharmacodynamics half-life bioavailability metabolism or distribution of drugs and improve the overall benefits and use of a drug for the patient. Its polymer chemistry platform is being used to create specialized therapeutics including small molecule oral and parenteral drugs proteins peptides and antibody fragments.