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Nektar Therapeutics Reports Third Quarter 2011 Financial Results

formation and notes required by generally accepted accounting principles in the United States for complete financial statements. NEKTAR THERAPEUTICSCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In thousands, except per share information)(Unaudited)Three Months EndedNine Months EndedSeptember 30, September 30,2011201020112010Revenue:Product sales and royalties

$  10,222$  7,230$  26,023$  21,968License, collaboration and other

16,84630,69529,67591,757Total revenue

27,06837,92555,698113,725Operating costs and expenses:Cost of goods sold

5,0386,24516,44115,430Research and development

31,01827,72493,46476,610General and administrative

12,35010,18135,26229,401Total operating costs and expenses

48,40644,150145,167121,441Loss from operations

(21,338)(6,225)(89,469)(7,716)Non-operating income (expense):Interest income

6223691,5831,225Interest expense

(2,543)(2,826)(7,698)(8,686)Other income (expense), net

(717)249(599)436Total non-operating expense

(2,638)(2,208)(6,714)(7,025)Loss before provision for income taxes

(23,976)(8,433)(96,183)(14,741)Provision for income taxes

92278300617Net loss

$ (24,068)$ (8,711)$ (96,483)$ (15,358)Basic and diluted net loss per share

(0.21)$   (0.09)$
(0.16)Weighted average shares outstanding used in computing basic and diluted net loss per share

114,41394,213112,43593,972NEKTAR THERAPEUTICSCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited)Nine Months Ended September 30,20112010Cash flows from operating activities:Net loss

$   (96,483)$ (15,358)Adjustments to reconcile net loss to net cash used in operating activities:Depreciation and amortization

11,42412,499Stock-based compensation

14,50112,716Other non-cash transactions

967(176)Changes in operating assets and liabilities:Accounts receivable


SOURCE Nektar Therapeutics
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Related medicine technology :

1. Nektar Commences Phase 2 Clinical Development Program for NKTR-102 (PEG-Irinotecan) in Colorectal Cancer
2. Nektar Commences Phase 2 Trial of NKTR-118 (oral PEG-naloxol) Evaluating Efficacy and Safety as Treatment for Opioid-Induced Bowel Dysfunction
3. Nektar Terminates All Negotiations With Potential Partners for Inhaled Insulin; Increased Number of Lung Cancer Cases Observed in Ongoing Clinical Studies of Inhaled Insulin Patients
4. Nektar Therapeutics to Present Positive Data at Upcoming Medical and Scientific Meetings
5. Nektar to Webcast Presentation of Phase 1 Clinical Results for Lead Small Molecule PEG-Oncolytic Program, NKTR-102 (PEG-irinotecan)
6. Nektar Announces Expanded Phase 2 Clinical Development Plan For NKTR-102 (PEG-irinotecan)
7. Nektar Announces Positive Results from Phase 2 Study of Oral NKTR-118 in Patients with Opioid-Induced Constipation (OIC)
8. Nektar Therapeutics Reports Second Quarter 2009 Financial Results
9. Nektar Presents Data Demonstrating Favorable Oral Bioavailability and Drug-Drug Interaction Profile for NKTR-118
10. Nektar Therapeutics Promotes Lorianne Masuoka, M.D. to Senior Vice President and Chief Medical Officer
11. Nektar Presents New Preclinical Data on NKTR-181 at Anesthesiology 2010
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