Why Nektar Therapeutics Shares Are Rallying 13.8% Today

After the company presented results from an early-stage study of its NKTR-214 in solid tumor cancer at the 2017 Society for Immunotherapy of Cancer (SITC) annual meeting, Nektar Therapeutics (NASDAQ: NKTR) shares are jumping 13.8% higher as of 2 p.m. EST Monday.

Nektar Therapeutics reported third-quarter financial results that helped shares rally significantly last week, and today, management unveiled promising data from a small phase 1/2 study evaluating NKTR-214 in combination with Bristol-Myers Squibb's (NYSE: BMY) Opdivo.

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Source: Fool.com