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0 -0.00465904277848367 -0.011718198503459 0.0166596075109418 0.0285189891289003 0.00945926867146692 0.0235775801214175 0.050614146548073
Stock impact report

Bristol-Myers and Nektar Therapeutics to jointly develop cancer treatments [MarketWatch]

Nektar Therapeutics (NKTR) 
Last nektar therapeutics earnings: 2/27 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.nektar.com/investor-relations
Company Research Source: MarketWatch
Bristol-Myers and Nektar Therapeutics to jointly develop cancer treatments Bristol-Myers Squibb Co. BMY, +1.12% and Nektar Therapeutics NKTR, -3.86% said Wednesday they have agreed to collaborate on developing NKTR-214 plus Opdivo to treat numerous tumors, based on positive early results from a Phase 1/2 clinical study. NKTR-214 is Nektar's lead immuno-oncology program, while Opdivo is a Bristol-Myer anti-cancer agent that is already approved as a treatment. The companies will study NKTR-214 with Opdivo and Opdivo plus Yervoy, another anti-cancer agent, in treating melanoma, renal cell carcinoma, non-small cell lung cancer, bladder and triple negative breast cancer. Under the terms of the agreement, Bristol-Myers will pay Nektar $1.85 billion in cash and stock upfront with Nektar eligible for up to $1.78 billion in milestone payments. The companies will split global profits 65% to 35% in Nektar's favor, while Bristol-Myers will retain 100% of product revenue for its own medicine Show less Read more
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