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

$(32,761) Adjustments to reconcile net loss to net cash provided by (used in)operating activities: Gain on sale of pulmonary assets (69,572) - Gain on extinguishment of debt (50,149) - Depreciation and amortization 22,489 29,028 Stock-based compensation 9,871 14,779 Impairment of long lived assets 1,458 28,396 Other non-cash transactions 1,251 109 Changes in assets and liabilities: Decrease (increase) in trade accounts receivable 10,476 24,318 Decrease (increase) in inventories 2,868 1,503 Decrease (increase) in other assets 1,166 7,443 Increase (decrease) in accounts payable 6,181 (3,147) Increase (decrease) in accrued compensation (3,382) 986 Increase (decrease) in accrued clinical trial expenses 14,727 907 Increase (decrease) in accrued expenses to contract manufacturers (40,444) 40,444 Increase (decrease) in accrued expenses (1,332) (5,200) Increase (decrease) in deferred revenue (15,392) 40,863 Increase (decrease) in other liabilities (1,662) (1,366) Net cash provided by (used in) operating activities (145,782) 146,302 Cash flows from investing activities: Proceeds from sale of pulmonary assets, net of transactions cost 114,831 - Investment in Pearl Therapeutics (4,236) - Purchases of property and equipment
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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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