Jefferies 2018 Healthcare Conference. June 6, 2018

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Jefferies 2018 Healthcare Conference z June 6, 2018

This presentation includes forward-looking statements regarding Nektar s proprietary drug candidates, the timing of the start and conclusion of ongoing or planned clinical trials, the timing and outcome of regulatory decisions, and future availability of clinical trial data. Actual results could differ materially and these statements are subject to important risks detailed in Nektar's filings with the SEC including the Form 10-Q filed on May 10, 2018. Nektar undertakes no obligation to update forward-looking statements as a result of new information or otherwise.

Focus of Nektar Pipeline Immuno-oncology Target the innate and adaptive immune system NKTR-214 (Co-Develop and Co-Promote) CD122-Biased Agonist - Multiple Solid Tumors In Phase 1/2 Trials NKTR-262 (Wholly-Owned) TLR 7/8 Agonist - Multiple Solid Tumors IND Filed, Phase 1 study opened for recruitment Q1 2018 NKTR-255 (Wholly-Owned) IL-15 Receptor Agonist IND in Early 2019 Immunology Harness the immune system to fight autoimmune disease NKTR-358 (Co-Promote) T Regulatory Cell Stimulator - Lupus - Crohn s Disease - Rheumatoid Arthritis - Psoriasis In Phase 1 Studies: - SAD ongoing - MAD in Lupus patients Initiated April 2018 Chronic Pain & Opioid Epidemic Help prevent the next generation of opioid addiction NKTR-181 (Wholly-Owned) New Opioid Agonist Molecule - Separates analgesia from euphoria that leads to abuse and addiction - Moderate to Severe Chronic Pain NDA Submitted Q2 2018 3

NKTR-181: Poised to Help Address the Opioid Epidemic and Transform the Chronic Pain Market NDA submitted in Q2 2018 with extensive efficacy and safety clinical data package in 2,234 subjects across 15 clinical trials and includes: 600-patient efficacy study in patients with chronic pain who are new to opioid therapy 630-patient long-term 52-week safety and efficacy trial in patients who are new to opioid therapy as well as those who are experienced with opioid therapy PK and PD studies in over 450 healthy subjects (therapeutic and supratherapeutic NKTR-181 doses) Human abuse potential study of therapeutic and supratherapeutic NKTR-181 doses in recreational drug users (tablets) Human abuse potential study of therapeutic NKTR-181 doses in recreational drug users (solution) Two highly productive pre-nda meetings completed in Q1 2018 to finalize the NDA data packages for clinical, nonclinical and CMC Actively evaluating potential licensing to commercial partners or other strategic structural alternatives while advancing the regulatory process 4

Nektar s Immuno-Oncology Strategy to Create Therapies that Cover the Immunity Cycle 4. Trafficking of T cells to tumor (CTLs) NKTR-214 (CD122 Agonist) Target as many steps as possible in the cycle with as few therapies as possible 3. Priming and activation (APCs & T cells) 2. Cancer antigen presentation (dendritic cells/apcs) Prime, Proliferate, Activate & Increase Tumor-Infiltrating Lymphocytes (TILs), Increase PD-1 expression NKTR-262 (TLR Agonist) Activate Dendritic Cell Response 1. Release of cancer cell antigens (cancer cell death) 7. Killing of cancer cells (immune and cancer cells) 5. Infiltration of T cells into tumors (CTLs, endothelial cells) NKTR-255 (IL-15) 6. Recognition of cancer cells by t cells (CTLs, cancer cells) Stimulate NK Cells, Sustain Immune Response & Generate T Cell Memory Therapies need to be accessible as medicines 5

NKTR-214: Biasing Action to CD122, or IL-2R Beta, to Stimulate T-Cell Production Biases signaling to favor the CD122 Receptor (IL-2Rβγ complex) Eliminates overactivation of IL-2 pathway that results in serious safety issues Achieves antibody-like dosing schedule in outpatient setting γ CTLs CD8 T-Cells and NK Cells Stimulates Immune Response to Kill Tumor Cells NKTR-214 T regs α CD4 Regulatory T-Cells Down-Regulates Proliferation of CD8 T-cells and Suppresses Immune Response 6

NKTR-214 Selectively Grows T Cells and Increases PD-1 Expression in Cancer Patients Increased T cell Populations in Tumor Increased PD-1 Expression on CD8 T Cells 29.8 1.6 %PD-1 (Ki67, CD8 T Cells) Fold Change Expressed as Week 3 / Pre-Dose 26x Average Fold Increase in PD-1 Expression over Baseline Source: SITC 2016 and SITC 2017 7

Establishing NKTR-214 as a Backbone Immuno- Oncology Therapy Global Development & Commercialization Agreement Nektar and BMS to pursue >20 indications in 9 tumor types in a Joint Clinical Development Plan with Opdivo and Opdivo plus Yervoy in certain indications Nektar free to combine NKTR-214 with any agent other than anti-pd- 1/PDL-1 in any indication, including third party clinical collaborations Nektar free to combine NKTR-214 with other PD-1/PD-L1 agents in indications outside of the Joint Clinical Development Plan 8

Broad Joint Clinical Development Plan to Rapidly Advance NKTR-214 with Opdivo Joint Clinical Development Plan of registration-enabling clinical trials in >20 indications in 9 tumor types in ~15,000 patients Registration-enabling studies to start no later than 14 months from effective date of collaboration (subject to allowable delays) 9 Tumor Types: Non-Small Cell Lung, Small Cell Lung, Melanoma, Renal Cell Carcinoma, Urothelial, Breast, Colorectal, Gastric, and Sarcoma Parties to share development costs of registration-enabling trials as follows: Combination Therapy BMY NKTR NKTR-214 Opdivo 67.5% 32.5% NKTR-214 Opdivo Yervoy 78.0% 22.0% Nektar has annual development cost sharing cap of $125M 9

ASCO 2018: PIVOT-02 Preliminary Data Conclusions Pre-specified efficacy criteria were achieved in 1L melanoma, 1L renal cell carcinoma and 1L cisplatin-ineligible urothelial carcinoma which support the evaluation of NKTR-214 plus nivolumab in registrational trials. NKTR-214 in combination with nivolumab showed encouraging antitumor activity with notable ORR in PD-L1 negative patients (42% melanoma, 53% RCC, 60% urothelial). NKTR-214 in combination with nivolumab at the RP2D was well tolerated with a low rate of Gr3 TRAEs including immune mediated AEs. Robust translational data confirm rationale for activation of the immune system in the tumor microenvironment with a conversion of PD-L1 negative tumors to PD-L1 positive on treatment. Ongoing enrollment in PIVOT-02 continuing for additional tumor types in I-O naïve and refractory settings. Source: ASCO 2018, Diab, A., et al. 10

Conversion of PD-L1(-) to PD-L1() in Tumor Biopsies from Baseline to Week 3 is Associated with Clinical Benefit Patient with Urothelial Carcinoma Baseline: PD-L1 Negative Week 3: PD-L1 Positive NKTR-214 nivolumab can convert PD-L1(-) tumors to PD-L1() PD-L1 negative to positive conversion in 9/17 (53%) of patients Patients that were PD-L1() at baseline, or converted to PD-L1() after start of treatment showed greatest clinical benefit Source: ASCO 2018, Diab, A., et al. 31 patients were available with matched baseline and week 3 results for PD-L1 status. Of these, 17 were PD-L1 negative at baseline. PD-L1 was assessed on tumor cells using a validated 28-8 method. Example image shown for UC patient at baseline and week 3, 20x magnification. 11

PIVOT-02 Study Dose-Escalation in I-O Treatment-Naïve Patients: Enrollment Complete Phase 1 (N=38) I-O Treatment-Naïve MEL 1L (with known BRAF status) (N=11) RCC 1L, 2L (N=22) NSCLC 1L, 2L (EGFR & ALK WT) (N=5) NKTR-214 0.006 mg/kg Q3W NIVO 240 mg Q2W NKTR-214 0.003 mg/kg Q2W NIVO 240 mg Q2W Treated at RP2D N=25 NKTR-214 0.006 mg/kg Q3W NIVO 360 mg Q3W Median Time on Study* (Months) Indication 1L Melanoma Treatment Naïve Dose Escalation Initiation to 05/29/2018 (ASCO) 10.4 months (n=11) 1L RCC Treatment Naïve 10.1 months (n=14) Confirmed locally advanced or metastatic solid tumors Measurable disease per RECIST 1.1 ECOG 0 or 1 NKTR-214 0.006 mg/kg Q2W NIVO 240 mg Q2W Maximum Administered Dose 1L NSCLC and 2L IO Naïve 9.0 months (n=5) Adequate organ function Fresh biopsy and archival tissue NKTR-214 0.006 mg/kg Q3W NIVO 360 mg Q3W NKTR-214 0.009 mg/kg Q3W NIVO 360 mg Q3W Dose Limiting Toxicities (N=2) RP2D, recommended Phase 2 dosing *Preliminary median time on study reported as of May 29, 2018, more than half of patients still on study for melanoma, NSCLC, 1L RCC 12

Stage IV I-O Naïve 1L Melanoma Dose Escalation Cohort (N=11) Deepening of Responses Over Time Best Overall Response by RECIST: ORR=7/11 (64%); DCR=10/11 (91%) SITC 2017 (Data Cut: Nov 2, 2017) ASCO 2018 (Data Cut: May 29, 2018) Off Study Treatment (maximal clinical benefit achieved) ORR PD-L1 (-) 3/5 (60%) ORR PD-L1 () 4/6 (67%) Source: ASCO 2018, Diab, A., et al. Horizontal dotted lines indicate the thresholds for PD, PR and CR response according to RECIST (version 1.1) criteria. CR: Complete response, all target and non-target lesions cleared. # Best Overall Response is SD (PR for target lesions, PD per new lesion on confirmatory scan) Best overall response is PR (CR for target lesions, non-target lesions still present). -100% is PR (CR for target lesions, non-target lesions still present). 13

Stage IV I-O Naïve 1L RCC Dose Escalation Cohort (N=14) Deepening of Responses Over Time SITC 2017: ORR=6/13 (46%); DCR=11/13 (85%) ASCO 2018: ORR=10/14 (71%); DCR=11/14 (79%) SITC 2017 (Data Cut: Nov 2, 2017) ASCO 2018 (Data Cut: May 29, 2018) PD-L1 Negative Unknown Off Study Treatment (maximal clinical benefit achieved) ORR PD-L1 (-) 5/8 (63%) ORR PD-L1 () 4/5 (80%) ORR PD-L1 Unknown 1/1 Increased ORR with Continued Treatment Patients with Initial Stable Disease Convert to Responses Over Time Source: ASCO 2018, Diab, A., et al. Horizontal dotted lines indicate the thresholds for PD, PR and CR response according to RECIST (version 1.1) criteria. *Best overall response is PD (SD for target lesions, PD per non-target lesions). 14

Stage IV I-O Naïve 1-2L NSCLC Dose Escalation Cohort (N=5) Deepening of Responses Over Time in PD-L1 Negative Patients Best Overall Response by RECIST (2L): ORR=3/4 (75%); DCR=3/4 (75%) Best Overall Response by RECIST (1L and 2L): ORR=3/5 (60%); DCR=4/5 (80%) SITC 2017 (Data Cut: Nov 2, 2017) ASCO 2018 (Data Cut: May 29, 2018) 1L 1L Source: ASCO 2018, Diab, A., et al. Horizontal dotted lines indicate the thresholds for PD, PR and CR response according to RECIST (version 1.1) criteria; CR: Complete response, all target and non-target lesions cleared; u : Unconfirmed. 15

PIVOT-02 Study Design Incorporating 2-Stage Fleming Design Phase 1 (N=38) Phase 2 (Target N=~330) Enrolling I-O Treatment-Naïve MEL 1L (with known BRAF status) (N=11) RCC 1L, 2L (N=22) NKTR-214 0.006 mg/kg Q3W NIVO 240 mg Q2W Treated at RP2D N=25-7 MEL patients at RP2D rolled from escalation into expansion -11 RCC patients at RP2D rolled from escalation into expansion Melanoma 1L Melanoma 2/3L RCC 1L IO naïve IO R/R IO naïve NSCLC 1L, 2L (EGFR & ALK WT) (N=5) Confirmed locally advanced or metastatic solid tumors Measurable disease per RECIST 1.1 ECOG 0 or 1 Adequate organ function Fresh biopsy and archival tissue RP2D, recommended Phase 2 dosing NKTR-214 0.003 mg/kg Q2W NIVO 240 mg Q2W NKTR-214 0.006 mg/kg Q2W NIVO 240 mg Q2W NKTR-214 0.006 mg/kg Q3W NIVO 360 mg Q3W NKTR-214 0.006 mg/kg Q3W NIVO 360 mg Q3W Maximum Administered Dose NKTR-214 0.009 mg/kg Q3W NIVO 360 mg Q3W Dose Limiting Toxicities (N=2) N= 20-38 per cohort RCC 2/3L NSCLC 1L NSCLC 2L NSCLC 2L I-O R/R UC (Bladder) 1L Cis-Inelg. UC (Bladder) 2/3L TNBC 1/2L IO R/R IO naïve IO naïve IO R/R IO naïve IO R/R IO naïve 16

PIVOT-02 RP2D Cohorts That Met Fleming Efficacy Criteria to Date to Advance into Registrational Trials Phase 1 (N=38) Phase 2 (Target N=~330) Enrolling I-O Treatment-Naïve MEL 1L (with known BRAF status) (N=11) RCC 1L, 2L (N=22) NKTR-214 0.006 mg/kg Q3W NIVO 240 mg Q2W Treated at RP2D N=25-7 MEL patients at RP2D rolled from escalation into expansion -11 RCC patients at RP2D rolled from escalation into expansion Melanoma 1L Melanoma 2/3L RCC 1L IO naïve IO R/R IO naïve NSCLC 1L, 2L (EGFR & ALK WT) (N=5) Confirmed locally advanced or metastatic solid tumors Measurable disease per RECIST 1.1 ECOG 0 or 1 Adequate organ function Fresh biopsy and archival tissue RP2D, recommended Phase 2 dosing NKTR-214 0.003 mg/kg Q2W NIVO 240 mg Q2W NKTR-214 0.006 mg/kg Q2W NIVO 240 mg Q2W NKTR-214 0.006 mg/kg Q3W NIVO 360 mg Q3W NKTR-214 0.006 mg/kg Q3W NIVO 360 mg Q3W Maximum Administered Dose NKTR-214 0.009 mg/kg Q3W NIVO 360 mg Q3W Dose Limiting Toxicities (N=2) N= 20-38 per cohort RCC 2/3L NSCLC 1L NSCLC 2L NSCLC 2L I-O R/R UC (Bladder) 1L Cis-Inelg. UC (Bladder) 2/3L TNBC 1/2L IO R/R IO naïve IO naïve IO R/R IO naïve IO R/R IO naïve 17

Stage IV I-O Naïve 1L Melanoma Cohort at RP2D: Achieved Pre-Specified Efficacy Criteria Stage 1: ORR 11/13 (85%) Stage 2: Best Overall Response ORR=14/28 (50%); DCR=20/28 (71%) Median Time on Study 4.6 Months (N=28) As of May 29, 2018 ORR PD-L1 (-) 5/12** (42%) ORR PD-L1 () 8/13 (62%) ORR PD-L1 Unknown 1/3 (33%) Data as of May 29, 2018 Source: ASCO 2018, Diab, A., et al. **One PD-L1(-) patient did not have target lesions assessed at first scan due to PD of non-target lesions, therefore only 27 patients included in waterfall plot. Horizontal dotted lines indicate the thresholds for PD, PR and CR response according to RECIST (version 1.1) criteria. -100% is PR for complete clearance of target lesions. CR is a complete response. u : Unconfirmed. *Best overall response is PD; SD for target lesions but PD due to a new lesion or progression of non-target lesion. Off study treatment with confirmed CR due to patient decision. 18

Time to and Duration of Response for Patients Consecutively Enrolled in Fleming Design Population at RP2D Stage IV Treatment-Naïve Melanoma (CR, PR or SD) 14/14 responses are ongoing Patients with Disease Control Rate (CR, PR or SD) RECIST v1.1 Criteria Data as of May 29, 2018 19

Stage IV I-O Naïve 1L Melanoma Patients Evaluable for Efficacy ( 1 Post-Baseline Scan at RP2D) Fleming Efficacy Evaluable Patients, n 28 % of patients with only 1 scan 6 (21%) ORR 14 (50%) CR 3 (11%) PR 11* (39%) SD 6 (21%) Patients with SD with treatment ongoing 5 DCR 20 (71%) PD 8 (29%) Median time on study Stage I (N1) 8.6 mos; Stage II (N1N2) 4.6 mos Cohort over enrollment of 9 additional evaluable patients: 7/9 (78%) have only 1 scan 7/9 (78%) are continuing on treatment with either SD or PR Median time on study 2.8 mos Median Time on Study as of 5/29/2018 is preliminary (more than half of patients still on treatment) *1 upr. Data as of May 29, 2018 Source: ASCO 2018, Diab, A., et al. 20

Stage IV I-O Naïve 1L RCC Cohort Achieved Pre- Specified Efficacy Criteria Stage 1: ORR 7/11 (64%) Stage 2: Best Overall Response ORR=12/26 (46%); DCR=20/26 (77%) Median Time on Study 5.6 Months (N=26) As of May 29, 2018 PD-L1 Positive ORR PD-L1 (-) 9/17 (53%) ORR PD-L1 () 2/7 (29%) ORR PD-L1 Unknown 1/2 (50%) Data as of May 29, 2018 Source: ASCO 2018, Diab, A., et al. Horizontal dotted lines indicate the thresholds for PD, PR and CR response according to RECIST (version 1.1) criteria; -100% is PR for complete clearance of target lesions. CR is a complete response, u : Unconfirmed. *Best overall response is PD (SD for target lesions, PD for non-target lesions). Off study treatment with confirmed PR due to patient decision. 21

Time to and Duration of Response for Patients Consecutively Enrolled in Fleming Design Population at RP2D Stage IV Treatment-Naïve Renal Cell Carcinoma (CR, PR or SD) 11/12 responses are ongoing Patients with Disease Control Rate (CR, PR or SD) RECIST v1.1 Criteria ǂ ǂ Patient discontinued treatment but on study with ongoing response at last assessment. Data as of May 29, 2018 22

Stage IV I-O Naïve 1L RCC Patients Evaluable for Efficacy ( 1 Post-Baseline Scan at RP2D) Fleming Efficacy Evaluable 26 # of patients with only 1 scan 4 (15%) ORR 12 (46%) CR 0 PR 12* SD 8 Patients with SD with treatment ongoing 5 DCR 20 (77%) PD 6 (23%) Cohort over enrollment of 21 additional evaluable patients into cohort: 13/21 (62%) have only 1 scan 16/21 (76%) are continuing on treatment with either SD or PR Median time on study 4.1 mos Median Time on Study Stage I (N1) 9.7 mos; Stage II (N1N2) 5.6 mos Median Time on Study as of 5/29/2018 is preliminary (more than half the patients still on treatment) *1 upr Data as of May 29, 2018 Source: ASCO 2018, Diab, A., et al. 23

Stage IV I-O Naïve 1L Urothelial Cohort (Cisplatin- Ineligible) Achieved Pre-Specified Efficacy Criteria Stage 1: Best Overall Response ORR=6/10 (60%); DCR=7/10 (70%) Median Time on Study 3.9 Months (N=10) As of May 29, 2018 ORR PD-L1(-) 3/5 (60%) ORR PD-L1() 3/5 (60%) Data as of May 29, 2018 Source: ASCO 2018, Diab, A., et al. Horizontal dotted lines indicate the thresholds for PD, PR and CR response according to RECIST (version 1.1) criteria; u : Unconfirmed. - 100% is PR for complete clearance of target lesions. CR is a complete response. *Best overall response is PD due to new lesion or nontarget lesion progression. **ucr (confirmed PR by prior scan). 24

Time to and Duration of Response for Patients Consecutively Enrolled in Fleming Design Population at RP2D Stage IV Treatment-Naïve Urothelial Carcinoma 5/6 responses still ongoing Patients with Disease Control Rate RECIST v1.1 Criteria PR (-58%) ucr (-100%) upr (-91%) 0 50 100 150 200 250 300 Time on Study (Days) PR (-32%) SD (-7%) PR (-41%) ucr (-100%) PD-L1 Negative (<1%) PD-L1 Positive ( 1%) () - Best Reduction from Baseline CR - Best Overall Response is Complete Response PR - Best Overall Response is Partial Response First response of PR First response of CR Discontinued NKTR-214 due to other reasons Ongoing Data as of May 29, 2018 25

Treatment-Related Adverse Events (AEs) at RP2D NKTR-214 0.006 q3w Nivo 360 Preferred Term [1] (N=283) Treatment-Related Grade 3 or higher in ( 1% listed below) 40 (14.1%) Hypotension 5 (1.8%) Syncope 5 (1.8%) Increased Lipase 4 (1.4%) Rash* 4 (1.4%) Dehydration 3 (1.1%) Treatment-Related Grade 1-2 in >15% Flu Like Symptoms** 166 (58.7%) Rash* 126 (44.5%) Fatigue 119 (42.0%) Pruritus 89 (31.4%) Nausea 62 (21.9%) Decreased Appetite 54 (19.1%) Diarrhea 43 (15.2%) Patients who discontinued due to a TRAE 6 (2.1%) Data cut: May 7, 2018 includes any AE deemed treatment-related by investigator and includes all available adjudicated safety data. (1) Patients are only counted once under each preferred term using highest grade *Rash includes the following MedDRA preferred terms: Rash, Rash Erythematous, Rash Maculo-papular, Rash Pruritic, Erythema, Rash Generalized, Rash Papular, Rash Pustular, Rash Macular ** Flu-like symptoms includes the following MedDRA preferred terms: Chills, Influenza, Influenza-like Illness, Pyrexia. Source: ASCO 2018, Diab, A., et al. 26

Next Steps for NKTR-214 Opdivo Moving forward to Phase 3 study in melanoma in Q3 2018 with Opdivo NKTR-214 vs Opdivo Pivotal studies being designed for RCC and Bladder PIVOT-02 continuing to enroll and new triplet cohort opened (NKTR-214 Opdivo Yervoy) Will continue to follow data from other cohorts in PIVOT-02 as it matures across other tumor types and advance the program 27

New Takeda and Nektar Clinical Collaboration to Target Liquid and Solid Tumors Takeda and Nektar collaborating on combining NKTR-214 with TAK-659, a Dual SYK and FLT-3 inhibitor Collaboration explores the combination of NKTR-214 and TAK-659 in a range of solid and liquid tumors Phase 1/2 dose escalation trial in patients with Non- Hodgkin Lymphoma will initiate in the second half of 2018 Each company will contribute their respective compounds to the clinical collaboration Takeda and Nektar will split costs and each will maintain global commercial rights to respective drugs/candidates 28

Syndax: Clinical Collaboration in Anti-PD-1 Relapsed/ Refractory Metastatic Melanoma Syndax and Nektar evaluating the safety and efficacy of NKTR-214 with entinostat, an oral, small molecule Class 1 specific HDAC inhibitor In preclinical studies presented at 2018 AACR the combination demonstrated unique synergy resulting in antitumor activity and immune activation Clinical collaboration will explore NKTR-214 entinostat in metastatic melanoma who have previously progressed on treatment with an anti-pd-1 (programmed death receptor-1) agent Syndax will conduct the Phase 1b/2 trial and parties can extend the collaboration to include a pivotal trial based on mutual interest 29

REVEAL Phase 1/2 Study Evaluating Novel-Novel Combination of NKTR-262 Plus NKTR-214 Cohorts: Enrolling Cancer Patients with Melanoma, Merkel Cell, Renal, Urothelial, Triple Negative Breast Cancer, Ovarian, Colorectal, Sarcoma (1L & 2L, I-O Naïve & Refractory) 1 2 3 4 5 Doublet Triplet Dosing Cohorts Staggered Staggered Same Day Same Day Same Day Same Day Same Day Starting Dose: 30 µg NKTR-262 Escalating Doses in Combination with NKTR-214 0.006 mg/kg (N~50) N~300 RP2D RP2D Doublet Triplet Cycle 1 Cycles 2-3 NKTR-262 NKTR-262 NKTR-214 NKTR-262 NKTR-262 NKTR-262 NKTR-262 NKTR-262 NKTR-214 NKTR-262 NKTR-214 NKTR-262 NKTR-214 NKTR-262 NKTR-214 NKTR-262 NKTR-214 NKTR-262 NKTR-214 Nivolumab 360 mg Q3w Time 30

NKTR-358: Phase 1b Multiple Ascending Dose Study in Patients with Lupus Underway Ongoing first-in-human study in healthy volunteers shows multiple-fold increase in T regulatory cells with no increase in CD8 or NK cells following single doses of NKTR-358 with no dose-limiting toxicities to-date Data from Phase 1 single ascending dose study planned for potential presentation at medical meeting in 2018 Dosing began in early May for Phase 1b multiple ascending dose study in patients with lupus NKTR-358 has potential to be developed in lupus, Crohn s disease, rheumatoid arthritis, psoriasis and transplant patients 31

Jefferies 2018 Healthcare Conference z June 6, 2018