Takeda dealmaking continues with new oncology project

9 May 2018

California’s Nektar Therapeutics (Nasdaq: NKTR) is to collaborate with Tokyo-based Takeda Pharmaceutical (TYO: 4502) over a possible combination therapy in oncology.

While Takeda has made headlines recently for a £46 billion ($62 billion) megadeal - the acquisition of London’s rare disease specialist Shire (LSE: SHP) - the firm has at the same time been actively partnering in the USA and elsewhere to develop candidates.

The latest deal will see Nektar’s I-O candidate NKTR-214 and Takeda’s TAK-659 trialled in multiple cancer settings. TAK-659 is a dual inhibitor of certain tyrosine kinases.

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