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Nektar Therapeutics buys back $100 million in convertible debt
By Devika Patel
Knoxville, Tenn., Nov. 6 - Nektar Therapeutics Inc. said it repurchased 32%, or $100 million, of its outstanding convertible debt.
The debt was bought back at a price of approximately 48, for a total purchase price of $47.8 million.
Nektar Therapeutics is a biopharmaceutical company based in San Carlos, Calif.
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