Nektar Therapeutics (NASDAQ:NKTR) today announced that its partner Eli Lilly & Company presented preliminary results from a Lilly-sponsored Phase 1b proof-of-concept study of NKTR-358 (LY3471851*), a novel T regulatory (Treg) cell stimulator, in patients with moderate-to-severe atopic dermatitis during its Investment Community Meeting.

NKTR-358 is designed to treat autoimmune and inflammatory conditions by correcting the immune system imbalance that results from increased levels of inflammatory T cells and reduced numbers and impaired function of immune regulating Treg cells. NKTR-358 works by targeting the interleukin-2 receptor complex to selectively stimulate the proliferation and overall abundance of Tregs...