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MannKind Reports Positive Phase 1b INFLO-1 Results, Demonstrating Safety and Tolerability of Nintedanib DPI and Clinical Validation of Its DPI Technology in IPF

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MannKind (Nasdaq: MNKD) reported positive topline results from INFLO-1, its Phase 1b randomized, double-blind, placebo-controlled trial of nintedanib dry powder inhalation (DPI) in patients with idiopathic pulmonary fibrosis (IPF). The study met its primary objective, showing nintedanib DPI was generally safe and well tolerated over seven days.

Among 27 patients across 10 U.S. sites, there were no serious adverse events, no bronchospasm, no drug-related gastrointestinal side effects, and no treatment discontinuations or dose reductions. Spirometry parameters were similar between nintedanib DPI and placebo. Most patients experienced no cough, and reported cough events were mainly mild and transient. Across Phase 1a and 1b, 48 individuals (including 18 IPF patients) received nintedanib DPI, totaling more than 700 inhalations, nearly 450 in IPF. MannKind’s global Phase 2 INFLO-2 trial is actively enrolling about 210 participants at ~85 sites to further assess safety, tolerability and potential efficacy.

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Positive

  • INFLO-1 primary objective met: safety and tolerability in IPF patients
  • No serious adverse events or discontinuations in 27-patient Phase 1b trial
  • 700+ nintedanib DPI inhalations administered across Phase 1a/1b, ~450 in IPF
  • Global Phase 2 INFLO-2 enrolling ~210 IPF patients at ~85 sites

Negative

  • None.

Market Context

Historical event 1066131 recorded a -2.04% 24-hour reaction after an earlier INFLO milestone, provid...
Analysis

Historical event 1066131 recorded a -2.04% 24-hour reaction after an earlier INFLO milestone, providing a company-specific comparison. The present update is safety-focused; Phase 2 efficacy and insider Net Selling remain watchpoints.

Key Figures

Phase 1b enrollment: 27 patients No-cough patients: 90% IPF inhalations: nearly 450 inhalations +4 more
7 metrics
Phase 1b enrollment 27 patients INFLO-1 across 10 U.S. sites
No-cough patients 90% INFLO-1 patients had no cough
IPF inhalations nearly 450 inhalations administered to people living with IPF
Total clinical exposure 48 individuals across completed Phase 1a and Phase 1b studies
IPF participants 18 patients received nintedanib DPI across Phase 1a and Phase 1b
INFLO-2 enrollment approximately 210 participants planned global Phase 2 study
INFLO-2 sites approximately 85 sites planned worldwide for Phase 2

Historical Context

5 past events · Latest: Jul 24 (Negative)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Jul 24 Private placement Negative +6.2% Private placement introduced new shares and warrants for approximately $50 million proceeds.
Jul 24 FDA approval Positive +6.2% FDA approved Furoscix ReadyFlow for edema associated with heart failure or kidney disease.
Jun 23 Clinical trial grant Positive +1.0% Breakthrough T1D grant supported advancement of the INHALE-1ST pediatric trial.
Jun 05 Clinical data Positive -0.3% ADA presentations covered pediatric, pregnancy, automated delivery, and heart-failure study findings.
Jun 03 Clinical milestone Positive -2.0% INFLO-1 randomization completed and the first INFLO-2 patient was enrolled.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

MNKD historically showed mixed-to-negative reactions to development updates, with three of five selected events diverging from announcement sentiment.

Key Terms

pharmacokinetics, forced vital capacity, spirometry, bronchospasm, +1 more
5 terms
pharmacokinetics medical
"evaluate safety, tolerability and pharmacokinetics of nintedanib DPI"
Pharmacokinetics is the study of how a substance, such as a drug or chemical, moves through and is processed by the body over time. It tracks how it is absorbed, distributed, broken down, and eventually eliminated. For investors, understanding pharmacokinetics helps gauge the effectiveness, safety, and potential risks of new medications or treatments, which can influence a company’s success and valuation in the healthcare industry.
forced vital capacity medical
"annualized rate of decline in forced vital capacity (FVC)"
The amount of air a person can forcefully breathe out after taking the deepest breath possible; think of it as how much air you can squeeze out of a balloon in one hard blow. It matters to investors because it’s a common, objective measure used in clinical trials and patient monitoring for respiratory drugs, devices and treatments—changes in this number can signal whether a therapy works, affecting regulatory approval, sales and company value.
spirometry medical
"No differences in spirometry parameters between nintedanib DPI and placebo"
Spirometry measures how much air a person can inhale and exhale and how quickly they can do it, using a handheld device to record breaths. For investors it matters because spirometry results are a key objective check of lung function used in clinical trials, regulatory approvals and routine care—think of it as an engine performance test that helps gauge demand, approval prospects and market size for respiratory drugs and devices.
bronchospasm medical
"No bronchospasm events"
A bronchospasm is a sudden tightening of the muscles around the airways that narrows breathing passages and causes wheezing, coughing or shortness of breath — like squeezing a flexible straw until air struggles to pass. For investors, bronchospasm is important because it can signal a drug safety issue or side effect that affects clinical trial outcomes, regulatory decisions, product labeling and market acceptance, all of which can influence a company’s financial prospects.
dry powder inhalation technical
"nintedanib dry powder inhalation (DPI)"
A method of delivering medication to the lungs as a fine, dry powder using a handheld inhaler; the patient inhales sharply to pull the powder into the airways where it dissolves and is absorbed. Investors care because the inhalation method affects how well a drug works, how easy it is for patients to use, and how complex manufacturing, quality control and regulatory approval will be — much like the difference between pouring liquid from a bottle versus sprinkling a measured spice from a shaker.

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  • Generally well-tolerated with no serious adverse events, bronchospasm or diarrhea; no study drug discontinuations
  • 90% of patients had no [60%] or mild [30%] cough
  • ~450 total inhalations administered in patients with IPF
  • Global Phase 2 INFLO-2 trial actively enrolling patients
  • Conference call and webcast scheduled for July 29 at 4:30 p.m. ET

DANBURY, Conn. and WESTLAKE VILLAGE, Calif., July 29, 2026 (GLOBE NEWSWIRE) -- MannKind Corporation (Nasdaq: MNKD), a biopharmaceutical company focused on developing innovative, patient-centric therapies for chronic diseases, today announced positive topline results from INFLO-1, its Phase 1b randomized, double-blind, placebo-controlled study evaluating nintedanib dry powder inhalation (DPI) in patients with idiopathic pulmonary fibrosis (IPF).

The study met its primary objective, demonstrating that nintedanib DPI was generally safe and well tolerated in patients with IPF. The Phase 1b study enrolled 27 patients across 10 U.S. sites and evaluated two multiple-ascending dose regimens of nintedanib DPI administered over seven days.

INFLO-1 Topline Results
Key findings from the study included:

  • No serious adverse events
  • No drug-related gastrointestinal side effects (i.e., diarrhea, nausea, vomiting)
  • No bronchospasm events
  • No treatment discontinuations or dose reductions
  • No differences in spirometry parameters between nintedanib DPI and placebo (empty cartridges)
  • Most patients experienced no cough; reported cough events were predominantly mild, transient and resolved

Additional data will be presented at a future conference.

"The INFLO-1 results represent an important milestone for our nintedanib DPI program and further validates the potential of our Technosphere® platform in pulmonary fibrosis," said Michael Castagna, PharmD, Chief Executive Officer of MannKind Corporation. "Across our Phase 1a and Phase 1b studies, participants have received more than 700 inhalations of nintedanib DPI, including nearly 450 inhalations administered to people living with IPF. Importantly, cough was not a meaningful barrier to treatment. When observed, cough events were generally mild, transient and resolved, with no cough-related discontinuations or dose reductions. These findings provide growing confidence as we continue to advance Phase 2 development."

Phase 1a Program Established Foundation for Clinical Development
The INFLO-1 findings build upon previously reported results from MannKind's completed Phase 1a first-in-human study in healthy volunteers. In that study, nintedanib DPI demonstrated favorable safety and tolerability with no serious adverse events, no discontinuations, and no safety signals identified. Pharmacokinetic analyses demonstrated rapid absorption and dose-proportional increases in plasma concentrations consistent with deep-lung delivery following inhalation.

Across the completed Phase 1a and Phase 1b studies, a total of 48 individuals have received nintedanib DPI, 18 of whom were patients with IPF, providing the largest reported clinical dataset with an inhaled nintedanib therapy in patients with IPF to date.

Global Phase 2 INFLO-2 Study Underway
MannKind's global Phase 2 INFLO-2 study is actively enrolling patients with IPF. The randomized, double-blind, placebo-controlled trial is expected to enroll approximately 210 participants across approximately 85 sites worldwide and is designed to further evaluate the safety, tolerability and efficacy of nintedanib DPI.

Participants are being randomized to receive either nintedanib DPI (2mg four times daily or 4mg twice daily) or placebo for 12 weeks, followed by a 24-week open-label extension in which all participants will receive active treatment. The primary objective of the study is to assess safety and tolerability of nintedanib DPI. Secondary objectives include evaluating a potential efficacy signal, including the annualized rate of decline in forced vital capacity (FVC), a key measure of lung function in IPF. Additional endpoints will assess disease progression, pulmonary exacerbations, exercise capacity, patient-reported outcomes, and pharmacokinetics.

About INFLO-1
INFLO-1 was a Phase 1b, randomized, double-blind, placebo-controlled study of nintedanib DPI in patients with IPF. The U.S. trial consisted of multiple ascending doses (MAD) with the primary objective to evaluate safety, tolerability and pharmacokinetics of nintedanib DPI compared to placebo in patients with IPF. More information on INFLO-1 is available at: ClinicalTrials.gov (NCT07344558).

Differentiated Approach to a Significant Unmet Need
IPF is a chronic, progressive lung disease characterized by irreversible fibrosis and declining lung function. Despite available therapies, the disease remains associated with substantial morbidity and mortality.

Nintedanib, currently approved as an oral therapy for IPF, has demonstrated the ability to slow disease progression but can be associated with systemic side effects that may limit tolerability, treatment persistence, and the ability to use combination therapies. Nintedanib DPI (MNKD-201) leverages MannKind’s Technosphere® dry powder inhalation technology to deliver nintedanib directly to the deep lung, with the goal of achieving therapeutic concentrations at the site of disease while reducing systemic exposure.

MannKind has developed two FDA-approved dry powder inhalation therapies utilizing its proven Technosphere formulation technology, with clinical data demonstrating less than 3% discontinuation due to cough in adult patients.

About IPF
Idiopathic pulmonary fibrosis is a chronic, progressive lung disease characterized by irreversible scarring of lung tissue that leads to worsening lung function over time. Despite available therapies, IPF remains associated with significant morbidity and mortality. According to the American Lung Association and GlobalData, there are an estimated 100,000 IPF patients in the U.S. with a 20% rise in the last decade. IPF affects an estimated 1-1.5 million people worldwide, based on global prevalence analyses reporting approximately 13-20 patients per 100,000 population.1

Investor Call
Management of the Company will host a conference call to discuss results at 4:30 p.m. ET on July 29, 2026. Presenting from the Company will be its Chief Executive Officer, Michael Castagna, PharmD, and Wassim Fares, M.D., MSc, FCCP, Senior Vice President, Therapeutic Area Head – Respiratory.

To view and listen to the webcast, visit MannKind's website at https://investors.mannkindcorp.com/events-and-presentations. A replay will also be available on MannKind's website for approximately 90 days.

About MannKind
MannKind Corporation (Nasdaq: MNKD) is a biopharmaceutical company dedicated to transforming chronic disease care through innovative, patient-centric solutions. Focused on cardiometabolic and orphan lung diseases, we develop and commercialize treatments that address serious unmet medical needs, including diabetes, pulmonary hypertension, and fluid overload in heart failure and chronic kidney disease.

With deep expertise in drug-device combinations, MannKind aims to deliver therapies designed to fit seamlessly into daily life.

Learn more at mannkindcorp.com.

Forward-Looking Statements
Statements in this press release that are not statements of historical fact are forward-looking statements that involve risks and uncertainties. Forward-looking statements include statements regarding the continuing development of MNKD-201 and the potential of our platform in pulmonary fibrosis. Words such as “believes”, “anticipates”, “plans”, “expects”, “intends”, “will”, “goal”, “potential” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon MannKind’s current expectations. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the risk that continued testing of a drug may not yield successful results or results that are consistent with earlier testing, and other risks detailed in MannKind’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent periodic reports on Form 10-Q and current reports on Form 8-K. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and MannKind undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.

MANNKIND and TECHNOSPHERE are registered trademarks of MannKind Corporation.

1 National Library of Medicine (U.S.). Idiopathic pulmonary fibrosis. MedlinePlus Genetics. Available at: https://medlineplus.gov/genetics/condition/idiopathic-pulmonary-fibrosis/.



MannKind Contacts:

Media Relations:
Christie Iacangelo
(818) 292-3500
media@mnkd.com

Investor Relations:
Kate Miranda
(781) 301-6869
ir@mnkd.com

FAQ

What did MannKind (MNKD) announce about the INFLO-1 Phase 1b trial on July 29, 2026?

MannKind announced positive topline results from INFLO-1, its Phase 1b trial of nintedanib DPI in IPF. According to MannKind, the study met its primary objective, demonstrating that nintedanib DPI was generally safe and well tolerated over seven days in 27 U.S. patients.

How safe and tolerable was nintedanib DPI in MannKind’s MNKD INFLO-1 Phase 1b IPF study?

Nintedanib DPI was generally safe and well tolerated in INFLO-1 IPF patients. According to MannKind, there were no serious adverse events, no bronchospasm, no drug-related gastrointestinal side effects, and no treatment discontinuations or dose reductions, with spirometry similar between active treatment and placebo.

What are the design and goals of MannKind’s Phase 2 INFLO-2 IPF trial for MNKD?

INFLO-2 is a randomized, double-blind, placebo-controlled global Phase 2 trial in IPF. According to MannKind, it plans about 210 participants, testing 2 mg QID or 4 mg BID nintedanib DPI over 12 weeks plus a 24-week open-label extension, primarily assessing safety and tolerability.

How many patients have received nintedanib DPI in MannKind’s MNKD clinical program so far?

Across completed Phase 1a and Phase 1b studies, 48 individuals have received nintedanib DPI. According to MannKind, this includes 18 patients with IPF and more than 700 total inhalations, nearly 450 administered specifically to people living with idiopathic pulmonary fibrosis.

What cough and side-effect profile was observed with nintedanib DPI in MannKind’s INFLO-1 trial?

Most INFLO-1 patients experienced no cough, and observed cough events were predominantly mild and transient. According to MannKind, there were no cough-related discontinuations or dose reductions, and no drug-related gastrointestinal side effects such as diarrhea, nausea, or vomiting reported in the Phase 1b trial.

What dosing regimens of nintedanib DPI are being tested in MannKind’s Phase 2 INFLO-2 trial?

INFLO-2 is testing two nintedanib DPI dosing regimens in IPF patients: 2 mg four times daily and 4 mg twice daily. According to MannKind, participants receive these doses or placebo for 12 weeks, followed by a 24-week open-label extension with active treatment.