Bayer and Nektar's drug-device product fails to improve outcomes in pneumonia
Shares in San Franciscan biotech Nektar Therapeutics (Nasdaq: NKTR) fell in pre-market trading after German pharma major and co-developer Bayer (BAYN: DE) announced negative results from the Phase III INHALE trial.
The companies signed a deal in 2007 to develop candidates for gram-negative pneumonia, making use of Nektar's proprietary pulmonary technology to deliver specially-formulated therapies.
That deal led to a global Phase III program investigating Amikacin Inhale, also known as BAY 41-6551, an investigational integrated drug-device combination product, for the treatment of intubated and mechanically ventilated patients with gram-negative pneumonia.
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