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Business
Layoffs follow at Nektar after IL-2 drug failure
by Jessica Marshall
April 30, 2022
| A version of this story appeared in
Volume 100, Issue 15
Nektar Therapeutics says it will lay off 70% of its 700-plus employees. The news follows the April 14 announcement that Nektar and partner Bristol Myers Squibb were halting development of the interleukin-2 (IL-2) therapy bempegaldesleukin. The drug was intended to stimulate growth of T cells, which can attack cancer, but it failed in late-stage trials. Nektar, which focuses on immune modulation, says it will keep working on other drugs in its pipeline.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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