Item 2.02 Results of Operations and Financial Condition.

Please see the disclosure relating to the estimated cash and investments in marketable securities of Nektar Therapeutics, a Delaware corporation (the "Company"), set forth under Item 7.01 "Regulation FD Disclosure" of this Current Report on Form 8-K, which is incorporated by reference into this Item 2.02.

Item 7.01 Regulation FD Disclosure.

On January 6, 2021, the Company announced that President and Chief Executive Officer, Howard Robin, will make a presentation at the upcoming 39th Annual J.P. Morgan Virtual Healthcare Conference on Monday, January 11, 2021, at 11:50 a.m. Pacific Time. The presentation and Q&A session will be accessible via Webcast through a link posted on the Investor Events Calendar section of the Nektar website: https://ir.nektar.com/events-and-presentations/events. This Webcast will be available for replay until February 10, 2021.

In addition, Mr. Robin intends to announce that, based upon the Company's preliminary estimates, as of December 31, 2020, the Company had cash and investments of approximately $1.2 billion. This financial information has been prepared by and is the responsibility of the Company's management and has not been audited by the Company's independent registered public accounting firm. Accordingly, the Company's independent registered public accounting firm does not express an opinion on or provide any other form of assurance with respect to this preliminary data. This financial information is subject to the completion of the Company's year-end financial closing procedures, the preparation of the Company's consolidated financial statements, and the completion of the audit of the Company's consolidated financial statements as of and for the year ended December 31, 2020, and the Company's actual results may differ from these estimates.

The Company expects the presentation and Q&A session will include certain forward-looking statements regarding the Company's business and proprietary drug candidates, the timing of the start and conclusion of planned or ongoing clinical trials, the timing and outcome of regulatory decisions, and future availability of clinical trial data. Actual results could differ materially from these forward-looking statements, which are subject to important risks and uncertainties set forth in the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 6, 2020. The Company undertakes no obligation to update forward-looking statements, whether as a result of new information, future events or otherwise.

The information in this Item 7.01 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained in this Item 7.01 shall not be incorporated by reference into any filing with the Securities and Exchange Commission (the "SEC") made by Nektar, whether made before or after the date hereof, regardless of any general incorporation language in such filing.


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