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Nektar’s $1.02 Billion Cash Runway Faces a Multi-Year Drug Trial Test

Nektar Therapeutics logoNektar Therapeutics
Sig3.25Sen+2.35Env0.00Soc+1.25Gov0.00

Nektar Therapeutics’ second-quarter call highlighted Phase 3 progress for rezpegaldesleukin (rezpeg), now enrolling patients with atopic dermatitis and alopecia areata. A third study for patients who tried other treatments is planned to begin by end-September 2026, with top-line data in mid-2028 and a BLA submission targeted for 2029. The company reported a $1.02 billion cash balance into 2028, while operating loss widened to $42.3 million.

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