Nektar Therapeutics’ stock jumps premarket after it says data presented by Eli Lilly for a skin treatment was incorrectly calculated

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Nektar Therapeutics’ stock jumps premarket after it says data presented by Eli Lilly for a skin treatment was incorrectly calculated
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Nektar Therapeutics’ stock jumped 12.7% in premarket trade Monday, after the company said that efficacy data previously generated by its former partner Eli...

Nektar Therapeutics’ stock NKTR jumped 12.7% in premarket trade Monday, after the company said that efficacy data previously generated by its former partner Eli Lilly & Co. LLY for its atopic dermatitis treatment rezpegaldesleukin and presented at the Sept. 22922 EADV Congress were incorrectly calculated.

002 as compared to placebo and an EASI-75 response rate of 41%. The EASI score is a tool used to measure the extent and severity of atopic eczema. Nektar said it discovered the error in the data generated by Eli Lilly from two Phase 1b studies when all rights to rezpeg were returned to it along with the raw data files. “This transfer of the raw data files to Nektar was the first opportunity for Nektar to review the complete patient data files,” the company said in a statement.

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