Pfizer and Nektar reach agreement on Exubera

San Carlos-based Nektar Therapeutics (NKTR) has resolved a contract dispute with Pfizer Inc. (PFE) over its line of inhaled insulin products, the companies announced Tuesday.

Pfizer will pay Nektar $135 million to satisfy its obligations for contracts relating to Exubera, an inhaled insulin product, and agreed to transfer its remaining right to the product if Nektar finds another partner for its development and marketing, the compay said in a statement.

Pfizer announced it would discontinue Exhubera last month due to disappointing sales, taking a $2.8 billion charge in the third quarter as a result, according to the Associated Press.

The companies said they will continue to work together on PEGylated human growth hormone therapy for short stature and growth problems.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Previous story
College grads can count on accounting
Next story
Green light for park road closure

Just Posted

Lowell High School is considered an academically elite public school. (Kevin N. Hume/S.F. Examiner)
Students denounce ‘rampant, unchecked racism’ at Lowell after slurs flood anti-racism lesson

A lesson on anti-racism at Lowell High School on Wednesday was bombarded… Continue reading

Golden State Warriors forward Draymond Green (23), shown here against the San Antonio Spurs at Chase Center on January 20, was ejected from Thursday night’s game on a technical foul after he yelled at a teammate during a play. (Chris Victorio for the S.F. Examiner).
Warriors 119-101 loss to Knicks highlights Draymond Green’s value

Team struggles with fouls, lack of discipline in play

Scooter companies have expanded their distribution in neighborhoods such as the Richmond and Sunset districts. (Kevin N. Hume/S.F. Examiner)
SFMTA board signs off on changes to scooter permit program

Companies will gete longer permits, but higher stakes

A health care worker receives the Moderna COVID-19 vaccine. (Go Nakamura/Getty Images/TNS)
City sets ambitious goal to vaccinate residents by June

Limited supply slows distribution of doses as health officials seek to expand access

U.S. President-elect Joe Biden and Jill Biden arrive at Biden's inauguration on the West Front of the U.S. Capitol on January 20, 2021, in Washington, DC. (Win McNamee/Getty Images/TNS)
Joe Biden issues call for ‘unity’ amidst extreme partisan rancor

‘I will be a president for all Americans,’ he says in inauguration speech

Most Read