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Nektar Therapeutics 
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PIPELINE ANALYSIS - Sales Forecasts available to EvaluatePharma Subscribers

 
  Rank Product Therapeutic Category Therapeutic Subcategory Pharmacological Class Phase (Current)
Nektar Therapeutics - TMB100/Tobramycin inhalation powder (TIP) Systemic Anti-infectives Anti-bacterials Aminoglycoside Phase III
  - Marinol (inhaled) Central Nervous System Anti-migraine preparations Cannabinoid Phase II
  - MAP0004 Central Nervous System Anti-migraine preparations 5HT1B & 1D agonist Phase II

FINANCIAL DATA ($US mln) - Forecasts available to EvaluatePharma Subscribers

Nektar Therapeutics
  2005 2006
 Valuation Measures
  Based on Latest Share Prices
     Valuing the Equity
       Market Capitalisation 388 388
       PE Ratio (diluted) - Normalised (x) (3.2) (3.4)
 
     Valuing the Enterprise
       Enterprise Value 245 245
       Free Cash Flow (Pre-Dividends) (87) (102)
       FCF Yield (%) (35.4%) (41.6%)
 
 Forecast Financials
  Income Statement
     Total Revenues 126 218
     Cost of Goods Sold (36) (118)
     S,G & A (44) (56)
     R&D (152) (149)
     Other Income/ Expense - Net (6) (6)
     EBIT - Normalised (111) (112)
     Net Interest & Financial Items (1) 3
     Pre-tax Profits - Normalised (112) (109)
     Exceptionals (73) (45)
     Income Before Taxes (185) (154)
     Tax 0 (1)
     Tax Rate (%) 0.1% 0.5%
     Net Income - Reported (185) (155)
     Net Income - Normalised (112) (110)
 
  Per Share Data
     EPS - Diluted (2.15) (1.72)
     EPS - Basic (2.15) (1.72)
     EPS - Normalised (diluted) (1.30) (1.22)
     EPS - Normalised (basic) (1.30) (1.22)
     Avg. Shares Outstanding - Diluted 85.9 89.8
     Avg. Shares Outstanding - Basic 85.9 89.8
     DPS 0.00 0.00

NEWS - Selected Product News Headlines (as of 11 June 2008)

Nektar Announces Expanded Phase 2 Clinical Development Plan For NKTR-102 (PEG-irinotecan)   (Nektar Therapeutics)   02-Jun-2008
New Positive Data Announced for NKTR-102 (PEG-irinotecan), Highlights Promise of Nektar's Innovative Small Molecule PEG-Oncolytics   (Nektar Therapeutics)   02-Jun-2008
Newly-Approved Cimzia® Provides Rapid, Sustained Response in Crohn’s Patients   (UCB)   20-May-2008
Cimzia® Provides Long-Term Efficacy With Stable Dosing in Crohn’s Disease   (UCB)   20-May-2008
Amikacin Inhale Shows Promising Results in Phase II Study   (Nektar Therapeutics)   19-May-2008
Amikacin Inhale Shows Promising Results in Phase II Study   (Bayer AG)   19-May-2008
PEGASYS®/COPEGUS® Show Benefit in Hard-to-Treat Latino Population with Hepatitis C   (Roche)   18-May-2008
Significant Anti-Tumor Activity of NKTR-102 in Patients With Refractory Solid Tumors; Interim Data Published in ASCO 2008 Proceedings   (Nektar Therapeutics)   16-May-2008
Lantheus Medical Imaging Updates DEFINITY® Label to Modify Benefit/risk Assessment of the Product   (Lantheus Medical Imaging)   13-May-2008
Nektar's PEGylation Technology Enables Peptide Mimetic, Highlighted by Data Presented at 45th ERA-EDTA Congress   (Nektar Therapeutics)   12-May-2008
Affymax and Takeda Announce Long-Term Hematide Safety and Effectiveness Data from Phase 2 Clinical Trials in Chronic Kidney Disease Patients with Anemia   (Affymax)   12-May-2008
MIRCERA Keeps Haemoglobin Levels Stable With Significantly Fewer Dose Changes Than With Other ESAs   (Roche)   12-May-2008
NKTR-118 Shows Substantial Oral Bioavailability and Extended Half-Life in Phase 1 Clinical Data Presented at American Pain Society Meeting   (Nektar Therapeutics)   07-May-2008
Lantheus Medical Imaging Initiates Cares Registry to Further Evaluate Definity® in Patients With Suboptimal Echocardiograms   (Lantheus Medical Imaging)   06-May-2008
Three Studies Presented at 43rd EASL Strongly Indicate Better Efficacy for PEGASYS in Curing Hepatitis C   (Roche)   28-Apr-2008
Final Results of Ideal Study Presented at Annual Meeting of the European Association for the Study of the Liver (EASL)   (Schering-Plough)   26-Apr-2008
FDA Approval of Cimzia(R) for Crohn's Disease Represents Latest Milestone for Nektar's PEGylation Technology Platform   (Nektar Therapeutics)   23-Apr-2008
Cimzia(R), Utilizing Enzon's Pegylation Technology, Approved in the U.S.   (Enzon Pharmaceuticals)   23-Apr-2008
Schering-Plough Highlights PEGINTRON(TM) and Boceprevir Data Presentations at European Association for the Study of the Liver (EASL) Annual Meeting   (Schering-Plough)   17-Apr-2008
Additive Anti-Tumor Activity of NKTR-102 in Combination With Bevacizumab Highlighted in Positive Preclinical Data Presented at AACR Meeting   (Nektar Therapeutics)   14-Apr-2008
Nektar Terminates All Negotiations With Potential Partners for Inhaled Insulin   (Nektar Therapeutics)   09-Apr-2008
Pfizer Statement on Exubera Labeling Update in the United States   (Pfizer)   09-Apr-2008
Affymax and Takeda Report Long-Term Safety and Effectiveness Data of Hematide in Chronic Renal Failure Patients With Anemia   (Affymax)   04-Apr-2008
Phase II Results for CDP791 in Non-Small Cell Lung Cancer Support Further Clinical Development   (UCB)   31-Mar-2008
PEGINTRON(TM) Plus Weight-Based REBETOL(R) Resulted in Higher SVR Than Flat Dosing   (Schering-Plough)   27-Mar-2008
CHMP Upholds Negative Opinion for the EU Application for Cimzia® in the Treatment of Crohn’s Disease   (UCB)   20-Mar-2008
MannKind - last gasp for inhaled insulin   (Alkermes)   10-Mar-2008
MIRCERA® Successfully Corrects Anaemia With a Smooth and Steady Rise in Haemoglobin Levels in Line With Current Guidelines   (Roche)   05-Mar-2008
Early Data on Cimzia® from the WELCOME Study Show Efficacy in Infliximab-Refractory Crohn’s Disease Patients   (UCB)   04-Mar-2008
FDA Agrees to Review Cimzia® File for the Treatment of Rheumatoid Arthritis   (UCB)   06-Feb-2008
FDA Grants Priority Review for Schering-Plough's Peginterferon Alfa-2b for the Adjuvant Treatment of Patients With Stage III Melanoma   (Schering-Plough)   31-Jan-2008
Takeda Doses First Patient in a U.S. Phase 1 Study of Hematide™ to Treat Chemotherapy Induced Anemia   (Takeda)   25-Jan-2008
Takeda Doses First Patient in A U.S. Phase 1 Study of Hematide™ to Treat Chemotherapy Induced Anemia   (Affymax)   25-Jan-2008
Inhaled insulin running out of puff?   (Novo Nordisk)   15-Jan-2008
Schering-Plough Reports Top-Line Results of the IDEAL Study   (Schering-Plough)   14-Jan-2008
Roche Responds to Announcement of “IDEAL” Hepatitis C Trial Results   (Roche)   14-Jan-2008
Nektar Commences Phase 2 Trial of NKTR-118 (oral PEG-naloxol) Evaluating Efficacy and Safety as Treatment for Opioid-Induced Bowel Dysfunction   (Nektar Therapeutics)   08-Jan-2008
Nektar Commences Phase 2 Clinical Development Program for NKTR-102 (PEG-Irinotecan) in Colorectal Cancer   (Nektar Therapeutics)   08-Jan-2008
Baxter Announces Recombinant Factor IX Development Program for Hemophilia B   (Baxter International)   07-Jan-2008
Nektar, still reeling from Exubera, now faces Cimzia fallout   (UCB)   16-Nov-2007
Nektar's Leading PEGylation and Pulmonary Technology Platforms Featured at R&D Day in New York   (Nektar Therapeutics)   14-Nov-2007
FDA Approves MIRCERA®: First Renal Anemia Treatment with Monthly Maintenance Dosing   (Roche)   14-Nov-2007
MIRCERA® Shown to be Effective Anaemia Treatment for Renal Patients With Low Haemoglobin Levels   (Roche)   05-Nov-2007
Treatment with Pegasys Provides Hepatitis C Patients a Second Chance to Achieve a Cure After not Responding to Peg-intron   (Roche)   02-Nov-2007
Treatment with PEGASYS®/COPEGUS™ Provides Hope for Hepatitis C Patients Whose Infection Did Not Initially Respond to Peg-Intron®/Ribavirin   (Roche)   02-Nov-2007
NKTR-102 (PEG-Irinotecan) Demonstrates Significant Tumor Growth Inhibition In Multiple Preclinical Tumor Models   (Nektar Therapeutics)   25-Oct-2007
Pivotal Mircera Study First to Convert Dialysis Patients from Frequent Dosing Directly to Once Every Four Weeks   (Roche)   19-Oct-2007
New MIRCERA® Data Analyses to be Featured at the American Society of Nephrology Annual Meeting   (Roche)   17-Oct-2007
Tumor Growth Inhibition and Pharmacokinetic Profile of NKTR-102 (PEG-Irinotecan) in Multiple Solid Tumors to be Presented at Upcoming AACR-NCI-EORTC International Conference   (Nektar Therapeutics)   10-Oct-2007
NKTR-102 (PEG-Irinotecan) Demonstrates Significant Anti-Tumor Activity and Improved Pharmacokinetic Profile in Preclinical Studies Presented at ECCO   (Nektar Therapeutics)   27-Sep-2007
Positive Results for NKTR-118 (oral PEG-naloxol) Presented at American Academy of Pain Management Meeting   (Nektar Therapeutics)   26-Sep-2007
New Data Support Long-Term Efficacy and Safety in Patients Who Took Exubera for Eight Years   (Pfizer)   18-Sep-2007
Nektar Presents Positive Results from Phase 1 Clinical Trial of NKTR-118 (oral PEG-naloxol) at American College of Clinical Pharmacology Meeting   (Nektar Therapeutics)   10-Sep-2007
Bayer Healthcare and Nektar Therapeutics to Develop Innovative Therapy for Pneumonia   (Bayer AG)   06-Aug-2007
Mircera Approved in European Union for Treatment of Anaemia Related to Chronic Kidney Disease   (Roche)   26-Jul-2007
Anti-Tumor Activity and Pharmacokinetic Properties of NKTR-102 (PEG-irinotecan) to be Presented at Upcoming Oncology Meeting   (Nektar Therapeutics)   26-Jul-2007
First Peer-Reviewed Preclinical and Early Phase 1 Results for NKTR-118 (oral PEG-naloxol) to be Presented at Upcoming Pharmacology and Pain Management Meetings   (Nektar Therapeutics)   26-Jul-2007
Once-Monthly Mircera Keeps Haemoglobin Stable in High-Risk Kidney Disease Patients with Diabetes or Heart Disease   (Roche)   25-Jun-2007
PEGINTRON(TM) and REBETOL(R) Combination Therapy Approved in European Union for Treating Hepatitis C in Patients Coinfected with HIV   (Schering-Plough)   25-Jun-2007
Exubera Demonstrated Pulmonary Safety with Blood Sugar Control in Three-Year Interim Analyses   (Pfizer)   23-Jun-2007

IN-DEPTH COMPETITIVE INTELLIGENCE AVAILABLE ON

 
  Product Generic Name
Nektar Therapeutics 3DP-3534 -
  Alpha 1 protease inhibitor alpha-1-antitrypsin
  Angiocept -
  Avonex interferon beta-1a
  Budesonide budesonide
  Calcitonin calcitonin
  CDP 484 -
  CDP 860 -
  CDP-791 -
  Cimzia certolizumab pegol
  Ciprofloxacin (Inhaleable) ciprofloxacin
  CS-8958 -
  Definity perflutren
  DuraSeal Dural Sealant -
  Exubera insulin
  Follicle Stimulating Hormone -
  Forteo teriparatide
  Gentamicin gentamicin
  GSK PEGylated Cancer Project -
  Hematide -
  Interferon alpha interferon alfa
  Interleukin-1 Receptor -
  Leuprolide leuprolide acetate
  Macugen pegaptanib sodium
  MAP0004 dihydroergotamine mesylate
  Marinol (inhaled) dronabinol
  Mircera methoxy polyethylene glycol-epoetin beta
  Neulasta pegfilgrastim
  Next Generation Inhaled Insulin (NGI) insulin
  NKTR-024 (amphotericin B) amphotericin B
  NKTR-034 insulin
  NKTR-061 (inhaled amikacin) amikacin
  NKTR-063 vancomycin
  NKTR-102 irinotecan (pegylated)
  NKTR-105 docetaxel (pegylated)
  NKTR-118 naloxol (pegylated)
  NKTR-125 diphenhydramine (pegylated)
  Ostabolin-C -
  PA-2794 -
  PEG r-IFNB-1a -
  Pegasys peginterferon alfa-2a
  Pegasys & Copegus peginterferon alfa-2a & ribavirin
  PegAxokine dapiclermin (pegylated)
  PEG-cyanovirin-n -
  PEG-Factor IX factor IX (pegylated)
  PEG-hGH (PHA-794,428) -
  PEG-Infergen interferon alfacon-1 (pegylated)
  PEG-Intron peginterferon alfa-2b
  PEG-Intron + Rebetol peginterferon alfa-2b & ribavirin
  Pegylated Advate factor VIII (pegylated)
  Somavert pegvisomant
  SprayGel -
  TMB100/Tobramycin inhalation powder (TIP) tobramycin
  Unipeg treprostinil (pegylated)
 
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Source: EvaluatePharma ® Generated at 14:13:10 (GMT) on 11-Jun-2008 © 2008 EvaluatePharma Ltd