Nektar Therapeutics stock soars after atopic dermatitis drug hits key targets
Investing.com -- Nektar Therapeutics (NASDAQ:NKTR) stock surged 140% after the company announced its experimental drug rezpegaldesleukin met primary and key secondary endpoints in a Phase 2b study for moderate-to-severe atopic dermatitis.
The clinical-stage biotech reported that all three dosing arms of rezpegaldesleukin achieved statistical significance on the primary endpoint measuring mean percent change in EASI score from baseline at week 16 compared to placebo. The drug also hit multiple secondary endpoints including EASI-75, EASI-50, and improvements in body surface area affected by the skin condition.
The highest dose (24 µg/kg every two weeks) showed a 61% mean improvement in EASI score from baseline, while 42% of patients in this group achieved EASI-75, indicating at least a 75% reduction in disease severity. The drug demonstrated rapid onset of action with improvements in both skin clearance and itch relief.
"These data from REZOLVE-AD show a fast onset of both EASI response and itch relief within the first few doses of rezpegaldesleukin treatment, which are important metrics for physicians as they assess treatment options in atopic dermatitis," said Prof. Jonathan Silverberg from George Washington University.
Nektar reported that the safety profile remained consistent with previous studies, with injection site reactions being the most common side effect, occurring in 69.7% of treated patients. Unlike some competing treatments, the drug showed no increased risk of conjunctivitis, oral ulcers, or infections.
The company plans to continue the long-term maintenance portion of the study, with data expected in the first quarter of 2026. Nektar also anticipates releasing Phase 2b data for the same drug in alopecia areata in the fourth quarter of 2025.
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