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Biotech / Medical : NKTR Drug delivery Company
NKTR 57.74-2.7%3:59 PM EST

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To: Ian@SI who wrote (253)8/8/2007 5:41:02 PM
From: zax   of 507
 
Nektar narrows Q2 loss by 56%
Wednesday August 8, 5:13 pm ET

Nektar Therapeutics said Wednesday it had a second quarter loss of $27.5 million or 30 cents a share, narrowed from a loss of $62.8 million or 70 cents a share in the same period last year.
San Carlos-based Nektar (NASDAQ:NKTR) said the figure included $4.4 million in stock-based compensation and $7.7 million related to a work force reduction charge.

Revenue for the quarter was $65.9 million, up from $60.2 million in the second quarter of 2006.

At the end of the quarter, the company's cash, cash equivalents, and short-term investments were $406.8 million.

Published August 8, 2007 by the Silicon Valley / San Jose Business Journal
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