Nektar Therapeutics used its own expertise in targeting the interleukin-2 (IL-2) receptor for immuno-oncology to rapidly advance another novel compound with a different approach to the target, and now the company's tapping into Eli Lilly & Co.'s experience in autoimmune diseases to take NKTR-358 forward in multiple indications.
Lilly committed $150m up front and up to $250m in development and regulatory milestone fees under its deal with Nektar, which was announced July 24, plus double-digit royalties and an opportunity for the San Francisco-based firm to participate in US commercialization of NKTR-358
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