Mannkind Stock Price, News & Analysis

MannKind Corporation (Nasdaq: MNKD) announced that its CEO, Michael Castagna, PharmD, will take part in a Fireside Chat at the Oppenheimer 31st Annual Healthcare Conference on March 17, 2021, at 1:50 PM (ET). Investors can access the webcast via the Events & Presentations section of MannKind's website, with a replay available for 14 days post-event. MannKind specializes in inhaled therapies for endocrine and orphan lung diseases, including the FDA-approved Afrezza inhalation powder, the only inhaled ultra rapid-acting mealtime insulin available in the U.S.

MannKind Corporation (Nasdaq: MNKD) announced that CEO Michael Castagna will present at the H.C. Wainwright Global Life Sciences Conference. The presentation will be available on demand starting March 9, 2021, at 7:00 am (ET). Interested viewers can access the webcast link from the Events & Presentations section of MannKind's website. The replay will be available for 14 days after the live event. MannKind focuses on inhaled therapeutic products, including the FDA-approved Afrezza^®, an ultra-rapid-acting mealtime insulin available by prescription in the U.S. and Brazil.

MannKind Corporation (Nasdaq: MNKD) announced the pricing of $200 million of 2.50% Convertible Senior Notes due 2026. The offering to qualified institutional buyers is set to close on March 4, 2021. The notes will accrue interest at 2.50% per annum, payable semiannually. The initial conversion price is approximately $5.21 per share, a premium of 30% over the last sale price of $4.01. Net proceeds of approximately $193.8 million will fund working capital, including a Phase 3 clinical trial of Afrezza and other corporate purposes.

MannKind Corporation (NASDAQ: MNKD) announced a private placement offering of $150 million in Convertible Senior Notes due 2026. The offering may increase by an additional $22.5 million. Proceeds will support working capital, a Phase 3 clinical trial of Afrezza in pediatric patients, and development of other products. The notes are unsecured, and upon conversion, MannKind may pay in cash, stock, or both. The company does not currently plan to use proceeds for debt repayment or acquisitions. The securities will not be registered under the Securities Act.

MannKind Corporation (MNKD) reported its fourth quarter and full-year 2020 results, highlighting Afrezza net revenue of $10.1 million, a 30% increase year-over-year. Total revenues for 2020 reached $65.1 million, with Afrezza contributing $32.3 million. The company experienced a net loss of $26.4 million in Q4 and $57.2 million for the year. Gross profit from Afrezza surged 230% to $17.2 million. The acquisition of QrumPharma for $12.8 million and entering into a co-promotion agreement for Thyquidity are key strategic moves. Cash reserves stood at $67.2 million at year-end.

Vertice Pharma launched THYQUIDITY, a liquid levothyroxine solution, on February 24, 2021. This product is designed for patients with hypothyroidism, providing precise, individualized dosing. THYQUIDITY will serve as a replacement therapy for various types of hypothyroidism and assist in managing thyroid cancer. The product contains 100 mcg per 5 mL and is supplied in two 100 mL bottles. MannKind Corporation (NASDAQ: MNKD) will co-promote THYQUIDITY to healthcare providers. This marks Vertice's first branded pharmaceutical product aimed at improving patient health.

MannKind Corporation (Nasdaq: MNKD) will have its CEO, Michael Castagna, PharmD, participate in a Fireside Chat at the 2021 SVB Leerink Global Healthcare Conference on February 25, 2021, at 1:00 pm (ET). Interested individuals can access the webcast through the Company's website, with a replay available for 14 days post-event. MannKind is known for developing inhaled therapeutic products, including Afrezza® (insulin human) Inhalation Powder, the only FDA-approved inhaled ultra rapid-acting mealtime insulin in the U.S.

MannKind Corporation (NASDAQ:MNKD) is set to release its 2020 fourth quarter and full year financial results on February 25, 2021, at 9:00 AM ET. The call, featuring CEO Michael Castagna and CFO Steven Binder, will discuss financials and corporate updates. Investors can participate via the company's website or by telephone, with a replay available for 14 days post-call. MannKind focuses on inhaled therapeutic products, commercializing Afrezza, the only FDA-approved inhaled insulin in the U.S., which is also available in Brazil through partner Biomm SA.

MannKind Corporation (Nasdaq: MNKD) announced that its CEO, Michael Castagna, will participate in a Fireside Chat at the H.C. Wainwright Bioconnect 2021 Conference. This event will be available on demand starting January 11, 2021, at 6:00 am (ET). Interested viewers can access the webcast link from the Events & Presentations section on MannKind's website. The replay will remain accessible for 14 days post-event. MannKind specializes in inhaled therapies for endocrine and orphan lung diseases, including Afrezza, the only inhaled ultra rapid-acting mealtime insulin in the U.S.