Revenue Update on Nektar Therapeutics(NASDAQ:NKTR)

Nektar Therapeutics(NASDAQ:NKTR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $32.77M. Analysts estimated a revenue of $34.17M. Earnings per share were $-0.36. Analysts had estimated an EPS of $-0.30.

Nektar Therapeutics (NKTR) shares turned negative on Fridays trading session with the shares closing down -0.05 points or -0.29% at a volume of 5,01,756. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.225. The peak price level was also seen at $17.225 while the days lowest was $16.89. Finally the shares closed at $17.16. The 52-week high of the shares is $18.12 while the 52-week low is $9.16. According to the latest information available, the market cap of the company is $2,346 M.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, Jillian B. Thomsen (SVP & Chief Accounting Officer) sold 100,000 shares at $15.09 per share price.Also, On Jul 5, 2016, Robert Chess (director) sold 5,000 shares at $14.10 per share price.On May 18, 2016, John Nicholson (SVP & Chief Financial Officer) sold 856 shares at $13.58 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 Company’s pipeline is comprised of drug candidates for therapeutic areas including oncology pain anti-infectives and immunology. The Company’s 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.

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