Mannkind Stock Price, News & Analysis

MannKind Corporation (Nasdaq: MNKD) has announced the acquisition of the V-Go insulin delivery device from Zealand Pharma A/S for $10 million, plus sales-based milestones. This acquisition aims to enhance MannKind's portfolio of innovative diabetes solutions, reinforcing its commitment to mealtime diabetes management. The deal is expected to close in May 2022, subject to certain conditions. The V-Go device, designed for ease of use, complements MannKind's existing product, Afrezza, positioning the company for potential growth in the diabetes market.

MannKind Corporation (Nasdaq: MNKD) announced its participation in upcoming healthcare conferences, featuring CEO Michael Castagna as a presenter. Key events include the 2022 RBC Capital Markets Global Healthcare Conference on May 17 at 11:00 am ET, and the H.C. Wainwright Global Investment Conference on May 24 at 1:30 pm ET. Live webcasts of the presentations can be accessed via the Company’s website, with replays available for 14 days post-event. MannKind focuses on inhaled therapeutic products, notably Afrezza®, the first FDA-approved inhaled mealtime insulin in the U.S.

MannKind Corporation (Nasdaq: MNKD) reported Q1 2022 financial results with Afrezza net revenue of $9.8 million, reflecting a 21% increase from Q1 2021. The company's gross profit rose 99% to $7.5 million, supported by a 77% gross margin. Total revenues were $12.0 million, impacted by a $7.2 million drop in collaborations and services revenue due to completed R&D services with United Therapeutics. Net loss grew to $26.0 million, or $0.10 per share, attributed to reduced collaboration revenue and increased costs. Cash reserves stood at $233.0 million as of March 31, 2022.

MannKind Corporation (Nasdaq: MNKD) will announce its Q1 2022 financial results on May 5, 2022, at 5:00 PM ET. The call will feature CEO Michael Castagna and CFO Steven Binder, discussing key financial updates and company developments. MannKind is known for its Afrezza inhaled insulin, the only ultra-rapid-acting mealtime insulin available in the U.S. and Brazil. Investors can access the live call via the company's website for comprehensive insights into performance and strategic direction during the session.

MannKind Corporation (Nasdaq: MNKD) announced a significant breakthrough in diabetes management at the ATTD 2022 conference. A proof-of-concept study revealed that a simplified 2x dose of Technosphere^® Insulin (TI) resulted in a mean difference of 52 mg/dL in post-prandial glucose excursions (PPGE) at 120 minutes compared to the standard dosage, showing enhanced efficacy without new safety concerns. This approach may improve glycemic control for diabetes patients and could influence future dosing recommendations.

United Therapeutics announced positive results from the BREEZE study evaluating Tyvaso DPI in patients with pulmonary arterial hypertension (PAH). The study showed safety in transitioning from Tyvaso to Tyvaso DPI with no serious adverse events. Improvements in six-minute walk distance by 11.5 meters and patient satisfaction were reported. Long-term safety data from an optional extension phase indicated continued efficacy. FDA action on the New Drug Application for Tyvaso DPI is anticipated by May 2022.

MannKind Corporation (Nasdaq: MNKD) announced that CEO Michael Castagna will participate in the Lytham Partners Spring 2022 Investor Conference taking place virtually from April 4-7, 2022. The company's presentation will be available on April 4 at 11:00 am ET and can be accessed on their website, with an archived version for later viewing. Management will also be available for one-on-one meetings during the event. MannKind focuses on developing inhaled therapies, including the FDA-approved Afrezza® inhalation powder, which is the first ultra-rapid-acting mealtime insulin in the U.S.

MannKind Corporation (Nasdaq: MNKD) announced that Chief Scientific Officer Thomas Hofmann will participate in the Cantor Virtual Rare Orphan Disease Summit on March 29, 2022, at 8:00 AM PT. The company specializes in developing inhaled therapeutic products for endocrine and orphan lung diseases, notably Afrezza (insulin human) Inhalation Powder, the only FDA-approved inhaled ultra-rapid-acting mealtime insulin available in the U.S. by prescription.

MannKind Corporation (Nasdaq: MNKD) will participate in the Oppenheimer 32nd Annual Healthcare Conference on March 15, 2022, at 4:00 pm (ET). CEO Michael Castagna will deliver a virtual presentation accessible via the company’s website. MannKind focuses on developing inhaled therapeutic products for endocrine and orphan lung diseases, notably commercializing Afrezza® (insulin human) Inhalation Powder, the only inhaled ultra-rapid-acting mealtime insulin in the U.S. The webcast will be available for 14 days post-event.