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Nektar Therapeutics Is Up 150%: What’s Happening With NKTR Stock?

  • Nektar Therapeutics announced positive Phase 2b REZOLVE-AD results for rezpegaldesleukin treating moderate-to-severe atopic dermatitis on Tuesday, causing its stock to surge about 150%.
  • The trial involved 393 patients over a 16-week induction period, with the study meeting primary and secondary endpoints established to measure eczema symptom improvements.
  • All three doses showed statistically significant improvements in EASI scores, itch reduction, and skin clearance while demonstrating a safety profile consistent with previous reports despite elevated injection site reactions.
  • William Blair analyst Andy Hsieh described the stock increase as a "valuation normalization event," while cautioning that the relatively frequent injection site side effects could pose challenges without evidence of distinctly superior effectiveness.
  • The results de-risk Nektar's program and increase its acquisition prospects, though risks inherent in drug development remain and the company plans to expand rezpegaldesleukin's use into other immune-related diseases.
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Arizona Daily Sun broke the news in on Monday, June 23, 2025.
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