Sunday, March 25, 2012

Affymax, MAP drug approvals would net royalty bounty for Nektar

Nektar Therapeutics Inc. could help its bottom line — and move closer toward paying off debt — by doing almost nothing Monday and Tuesday.
San Francisco-based Nektar (NASDAQ: NKTR) is in line for royalty payments if the Food and Drug Administration on Monday approves an acute migraine drug from MAP Pharmaceuticals Inc. (NASDAQ: MAP) and partner Allergan Inc. It would collect more royalties if an anemia drug from Affymax Inc. (NASDAQ: AFFY) and Takeda Pharmaceutical Co. Ltd. is approved Tuesday.
Both drugs use know-how developed by and licensed from Nektar.

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