Nektar launches new CNS company Inheris Biopharma; inks research deal
US biotech Nektar Therapeutics (Nasdaq: NKTR) today announced the formation of Inheris Biopharma, a wholly-owned subsidiary of Nektar and a central nervous system (CNS)-focused company, as well as an oncology collaboration with fellow USA-based Trovagene (Nasdaq: TROV).
Market reaction to the news saw Nektar’s shares dip 3.32% to $32.36 by mid-morning trading.
Inheris will be responsible for launch preparation and commercialization for NKTR-181, a novel, first-in-class, investigational opioid molecule. NKTR-181 is currently under review with the US Food and Drug Administration, with a Prescription Drug User Fee Act (PDUFA) target action date of August 29, 2019. Inheris will also lead development of several Nektar preclinical CNS assets.
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