Nektar Therapeutics Announces Effective Date of Global Development & Commercialization Collaboration with Bristol-Myers Squibb

Wednesday, April 4, 2018 General News
Email Print This Page Comment bookmark
Font : A-A+

SAN FRANCISCO, April 3, 2018 /PRNewswire/ -- Nektar Therapeutics (Nasdaq: NKTR) announced today that the waiting period

has expired under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the previously-announced Strategic Collaboration Agreement between Nektar and Bristol-Myers Squibb Company is now effective.  The global development and commercialization
collaboration for Nektar's CD122-biased agonist, NKTR-214, was announced on February 14, 2018.

Upon the collaboration agreement becoming effective on April 3, 2018, Bristol-Myers Squibb made a non-refundable upfront cash payment of $1.0 billion to Nektar.  In addition, Bristol-Myers Squibb paid the purchase price of $850 million to Nektar for the sale and issuance by Nektar of 8,284,600 shares of its common stock to Bristol-Myers Squibb pursuant to a share purchase agreement entered into concurrently with the collaboration agreement.

About Nektar Therapeutics

Nektar Therapeutics is a biopharmaceutical company with a robust, wholly-owned R&D pipeline of investigational medicines in oncology, immunology and pain as well as a portfolio of approved partnered medicines. Nektar is headquartered in San Francisco, California, with additional operations in Huntsville, Alabama and Hyderabad, India. Further information about the company and its drug development programs and capabilities may be found online at http://www.nektar.com.

Contacts (for Nektar): Investors: Jennifer Ruddock of Nektar Therapeutics 415-482-5585

Media: Dan Budwick of Pure Communications, Inc. (973) 271-6085  dan@purecommunicationsinc.com  

 

Cision View original content:http://www.prnewswire.com/news-releases/nektar-therapeutics-announces-effective-date-of-global-development--commercialization-collaboration-with-bristol-myers-squibb-300623904.html

SOURCE Nektar Therapeutics

Advertisement


Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store