Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) On January 23, 2009, Irwin Lerner, a member of our Board of Directors, has decided to retire from the Board of Directors due to personal reasons. His resignation was effective as of January 23, 2009. Please refer to Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits

Exhibit Number Description 99.1 Press Release issued on January 29, 2009 by Nektar Therapeutics announcing the retirement of Irwin Lerner from the Board of Directors.

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