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Nektar Therapeutics Reports Fourth Quarter and Year-End 2008 Financial Results
Date:2/24/2009

Cost of goods sold 10,196 17,387 28,216 137,696 Other cost of revenue - 6,661 6,821 9,821 Research and development 45,279 39,310 154,417 153,575 General and administrative 13,835 14,233 51,497 57,282 Impairment of long lived assets 1,458 28,396 1,458 28,396 Gain on sale of pulmonary assets (69,572) - (69,572) - Gain on termination of collaborative agreements, net - (79,178) - (79,178) Litigation settlement - 1,583 - 1,583 Total operating costs and expenses 1,196 28,392 172,837 309,175 Income (Loss) from operations 27,156 37,381 (82,652) (36,148) Non-operating income (expense): Interest income 1,917 5,757 12,495 22,201 Interest expense (3,357) (4,230) (15,192) (18,638) Other income (expense), net (425) 944 58 1,133 Gain on extinguishment of debt 50,149 - 50,149 - Total non-operating income 48,284 2,471 47,510 4,696 Income (Loss) before provision for income taxes 75,440 39,852 (35,142) (31,452) Provision (benefit) for income taxes (1,342) 809 (806) 1,309 Net income (loss) $76,782 $39,043 $(34,336) $(32,761) Basic and diluted net earnings (loss) per share $0.83 $0.42 $(0.37) $(0.36) Shares used in computing basic and diluted net earnings (loss) per share (1) 92,473 92,211 92,407 91,876 Notes to Consolidated Statements of Operations (1) For the three-months ended December 31, 2008, there were
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Related biology technology :

1. Nektar to Announce Year-End 2008 Financial Results on Wednesday, February 25, 2009 After Close of U.S.-Based Financial Markets
2. Nektar Announces Retirement of Irwin Lerner from Board of Directors
3. Nektar Therapeutics President and CEO, Howard W. Robin, to Present at the 27th Annual J.P. Morgan Healthcare Conference in San Francisco
4. Nektar Announces Closing of Sale of Specific Pulmonary Delivery Assets to Novartis for $115 Million
5. Nektar Therapeutics to Webcast R&D Day on November 12th
6. Nektar Sells Pulmonary Business to Novartis For $115 Million and Nektar Retains Key Pulmonary Programs Including Amikacin Inhale, Inhaled Vancomycin, and Ciprofloxacin Inhalation Powder
7. Nektar Therapeutics President and CEO Howard W. Robin to Present at Natixis Bleichroeder Second Annual Hidden Gems Conference in New York City
8. Nektar Therapeutics President and CEO, Howard W. Robin, to Present at UBS 2008 Global Life Sciences Conference in New York City
9. Nektar to Announce Financial Results for the Second Quarter of 2008 on Wednesday, August 6, 2008, After Close of U.S.-Based Financial Markets
10. Bharatt Chowrira Joins Nektar Therapeutics as Chief Operating Officer and Head of PEGylation Business Unit
11. Nektars PEGylation Technology Enables Peptide Mimetic, Highlighted by Data Presented at 45th ERA-EDTA Congress
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