LOS ANGELES–(BUSINESS WIRE)–$NKTR #CLASSACTION—Glancy
Prongay & Murray LLP (“GPM”), a global investors rights law
firm, announces that a class action lawsuit has been filed on behalf of
investors that purchased or otherwise acquired Nektar Therapeutics, Inc.
(“Nektar” or the “Company”) (NASDAQ: NKTR)
securities between November 11, 2017, and October 2, 2018,
inclusive (the ”Class Period”). Nektar investors have until December
31, 2018 to file a lead plaintiff motion.
If you are a shareholder who suffered a loss, click here to
On October 1, 2018, a report was published by Plainview LLC alleged that
Nektar’s plan to develop NKTR-214 into “a new universal cancer
treatment” “has never worked in practice,” and further argued that
Nektar’s choice to only disclose certain trial results represented “an
unprecedented level of data opacity.” On this news, Nektar’s share price
fell, $5.63 per share, or 9.24%, over the following two trading
sessions, closing at $55.33 per share on October 2, 2018, thereby
The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and misleading statements
regarding the Company’s business, operational and compliance policies.
Specifically, Defendants made false and/or misleading statements and/or
failed to disclose that: (i) prior studies which attempted to pegylate
IL-2 failed; (ii) NKTR-214’s extended half-life was unlikely to result
in efficacy and created additional high-dosing safety concerns; (iii)
NKTR-214 was less effective than IL-2 alone; (iv) the combination of
NKTR-214 with nivolumab has not yet demonstrated significant positive
results; and (v) as a result, Nektar’s public statements as set forth
above were materially false and misleading at all relevant times.
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If you purchased shares of Nektar during the Class Period you may move
the Court no later than December 31, 2018 to ask the Court
to appoint you as lead plaintiff. To be a member of the Class you need
not take any action at this time; you may retain counsel of your choice
or take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century
Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150,
Toll-Free at 888-773-9224, by email to firstname.lastname@example.org,
or visit our website at www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
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jurisdictions under the applicable law and ethical rules.