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Patient Square Invests $12M in Nektar Therapeutics
Description
Patient Square Capital makes a significant investment in Nektar Therapeutics, acquiring over 2% of their shares, valued at nearly $12 million. This move is driven by Nektars promising eczema treatment, rezpegaldesleukin, which has shown impressive results in clinical trials. Nektars innovative approach to manipulating cytokines for immune system boosting, particularly for cancer and autoimmune diseases, has caught the attention of Patient Square. With plans to move rezpegaldesleukin into larger phase three studies, Patient Squares early investment in Nektar could yield significant returns, highlighting the potential upside and risks in biotech investments.
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