New Rezpegaldesleukin Data Supporting Long-term Durability and Disease Improvement in Patients with Alopecia Areata and Atopic Dermatitis at EADV Congress 2026
Nektar Therapeutics (NKTR) presented long-term data on rezpegaldesleukin at EADV 2026, showing durable hair regrowth in alopecia areata patients and sustained improvements in atopic dermatitis. Key findings include 75% maintaining SALT Score ≤20 after 4 months off-treatment and 19% achieving SALT Score ≤10 after 6 months. Phase 3 studies are planned for both indications, with ZENITH AA to start in early 2027. The company will host an investor call on Oct. 1, 2026.
How this was made

The 30-second read
Why it matters
The data provide the first evidence of sustained hair regrowth and skin improvement after treatment cessation, supporting advancement to Phase 3 trials.
Market read
Positive trial data could drive NKTR stock higher ahead of Phase 3 initiation, with modest spillover to the broader biotech sector.
What to watch
Potential regulatory hurdles and competition from other biologics in the same indications.
Background
Nektar Therapeutics (NASDAQ: NKTR) announced long‑term Phase 2b data for rezpegaldesleukin at the EADV Congress, covering both alopecia areata and atopic dermatitis.
Ticker impact
Nektar Therapeutics presented new Phase 2b data showing durable efficacy of rezpegaldesleukin in alopecia areata and atopic dermatitis.
likely upside as investors price in the durable efficacy and upcoming Phase 3 trials
The data are first‑time disclosures of long‑term durability and deepening response, a material catalyst for a biotech with an upcoming pivotal program.
Market effects
Strengthens the Treg‑targeted immunology segment and may boost peer biotech valuations.
U.S. biotech sector could see modest gains on the back of the data.
Limited to biotech investors; no broad market effect.
Counterpoint
If Phase 3 fails to replicate durability, the hype could reverse sharply.
Key entities
- CompanyNektar Therapeutics
Biopharma developing rezpegaldesleukin, listed on NASDAQ.
- DrugRezpegaldesleukin
Novel regulatory T‑cell agonist being tested in dermatologic indications.
