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Nektar Therapeutics Reports Second Quarter 2009 Financial Results
Date:8/4/2009

) (64,215) (73,820) (Benefit) provision for income taxes (206) 47 (339) 260 ---- --- ---- --- Net loss $(32,069) $(33,375) $(63,876) $(74,080) ======== ======== ======== ======== Basic and diluted net loss per share $(0.35) $(0.36) $(0.69) $(0.80) Shares used in computing basic and diluted net loss per share 92,556 92,400 92,536 92,365

                            NEKTAR THERAPEUTICS
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                               (In thousands)
                                (unaudited)

                ASSETS              June 30, 2009    December 31, 2008(1)
                                    -------------    -----------------
    Current assets:
      Cash and cash equivalents        $114,992           $155,584
      Short-term investments            179,311            223,410
      Accounts receivable, net
       of allowance                       8,473             11,161
      Inventory                          10,110              9,319
      Other current assets                5,317              6,746
                                          -----              -----
        Total current assets           $318,203           $406,220

    Property and equipment, net          75,024             73,578
    Goodwill                             76,501             76,501
    Other assets                          3,270              4,237
                                          -----              -----
      Total  assets                    $472,998           $560,536
                                       ========           ========

           LIABILITIES AND
         STOCKHOLDERS' EQUITY

    Current liabilities:
      Accounts payable    
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