Nektar signs up on record-breaking collaboration deal

14 February 2018

Rather surprisingly, US biotech firm Nektar Therapeutics (Nasdaq: NKTR) was trading down 4.32% at $72.39 pre-market this morning, even though news had broken that it has entered into a collaboration which, including an equity investment, could be worth a record-breaking $3.6 billion. However, after the market opened, the stock started moving up around 8% to $81.74 by mid-morning.

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