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Nektar Therapeutics (NKTR) Stock Slides As Cash Burn Clouds Pipeline Progress
Nektar Therapeutics' stock fell 4% following its Q2 2026 earnings report, despite progress in its autoimmune pipeline, notably rezpegaldesleukin. The market reacted negatively to the company's substantial cash burn, with a quarterly net loss exceeding US$40 million and trailing 12-month losses widening. While the company secured significant cash and has a runway into Q3 2028 to support key …