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BUZZ-Nektar Therapeutics: FDA approves constipation drug

Tue, 16th Sep 2014 17:28

** Biotechnology company's shares up 3 pct at$13.94

** U.S. FDA approves oral therapy to treat opioid-inducedconstipation, co-developed with AstraZeneca Plc

** The drug will be sold under the trade name Movantik, andbe launched in the first half of 2015, the companies said

** Up to Monday's close, stock had gained about 19 pct thisyear

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