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West and Nektar conclude agreement

West Pharmaceutical Services has concluded an agreement with Nektar Therapeutics relating to the manufacture and assembly of components for the Exubera inhalable insulin device.

Under the new agreement, West will be reimbursed for facility, inventory, raw materials and personnel costs at levels that are consistent with the company’s previously announced expectations. In order to assure Nektar of a reliable source of supply as it resolves its plans for the Exubera product, West has agreed to maintain the facility for a period of between two and 10 months.