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Mannkind Corporation - MNKD STOCK NEWS

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MannKind Corporation (Nasdaq: MNKD) is a leading biopharmaceutical company dedicated to the discovery, development, and commercialization of innovative inhaled therapeutic products for patients with serious unmet medical needs. The company focuses on treating diseases such as diabetes, pulmonary arterial hypertension, and nontuberculous mycobacterial (NTM) lung disease.

Their flagship product, Afrezza, is an ultra-rapid-acting inhaled insulin designed to improve glycemic control in adults with diabetes. This product features a dry powder formulation of human insulin delivered via a small, portable inhaler.

MannKind's latest advancements include the initiation of a Phase 3 trial for Clofazimine Inhalation Suspension aimed at treating refractory NTM lung disease. The trial, named ICoN-1, will evaluate the efficacy and safety of the drug when added to standard therapy. This initiative is a response to the increasing global prevalence of NTM lung infections, which pose significant health risks and complications for patients.

Additionally, MannKind is progressing with a Phase 1 study of nintedanib DPI (MNKD-201) for pulmonary fibrotic diseases such as idiopathic pulmonary fibrosis (IPF). This study will assess the safety, tolerability, and pharmacokinetics of the drug in healthy volunteers.

The company's technological prowess is underlined by its proprietary Technosphere® dry-powder technology, which facilitates rapid and effective delivery of medicines to the deep lung. This technology, combined with their inhalation devices, is used to develop new treatments that can either act locally in the lungs or enter the systemic circulation, depending on the medical need.

In a strategic partnership, MannKind has in-licensed Pulmatrix's iSPERSE technology to enhance their formulation capabilities. This collaboration also includes exchanging MannKind's Cricket® inhaler technology to aid in the development of inhaled treatments for migraine and other neurological diseases.

Financially, MannKind continues to invest in R&D to expand its product pipeline and enhance its technological platforms. The company’s partnerships, such as the recent agreement with Pulmatrix, are also set to strengthen MannKind's market position in the biopharmaceutical landscape.

With a dedicated team and a robust pipeline, MannKind Corporation remains at the forefront of developing effective inhaled therapies, striving to improve patient outcomes and quality of life.

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MannKind Corporation (MNKD) will announce its 2023 fourth quarter and full year financial results on February 27, 2024. The conference call will feature CEO Michael Castagna and CFO Steven Binder.
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MannKind Corporation (MNKD) has successfully enrolled 305 patients with diabetes in its INHALE-1 study to assess the efficacy and safety of inhaled insulin in the pediatric population. The primary endpoint analysis is expected in the fourth quarter of 2024, with data dissemination and FDA submission anticipated in 2025.
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MannKind Corporation (MNKD) sold a 1% royalty in net sales of Tyvaso DPI® to Sagard Healthcare for $150 million, with a potential milestone payment of up to $50 million. Tyvaso DPI is marketed by United Therapeutics Corporation for the treatment of pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease following U.S. FDA approval.
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MannKind Corporation (MNKD) CEO Michael Castagna to Present at 42nd Annual J.P. Morgan Healthcare Conference
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MannKind Corporation (MNKD) Reports 56% Increase in Total Revenues to $51M in 3Q 2023; Net Income at $2M
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MannKind Corporation has successfully enrolled 141 patients in the Phase 4 clinical trial INHALE-3, which is evaluating inhaled insulin for adults with type 1 diabetes. The study will compare A1c levels after switching to inhaled insulin from injectable insulin or pumps. Initial meal data will be presented in 1Q 2024, followed by the primary endpoint analysis in 2Q 2024.
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MannKind Corporation (Nasdaq: MNKD) will release its 2023 third quarter financial results and year to date financial results. The company's management will host a conference call to discuss these results and corporate updates on November 7, 2023, at 5:00 PM (Eastern Time). The conference call can be accessed through the company's website.
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MannKind Corporation announces a new patent for MNKD-101, an inhaled clofazimine suspension, for the potential treatment of nontuberculous mycobacterial (NTM) lung disease. The patent will expire on June 8, 2039.
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MannKind Corporation to participate in upcoming conferences
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MannKind Corporation reports 2Q 2023 total revenues of $49M, a 157% increase YoY. Tyvaso DPI royalties increase by 63% compared to 1Q 2023. Endocrine Business Unit net revenues of $18M, Afrezza net revenues increase by 27% YoY. Income from operations of $2M, Non-GAAP income from operations of $8M. Commercial product gross margin improves to 72%. Cash, cash equivalents, and investments as of June 30, 2023, were $146.6M.
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FAQ

What is the current stock price of Mannkind Corporation (MNKD)?

The current stock price of Mannkind Corporation (MNKD) is $6.85 as of December 20, 2024.

What is the market cap of Mannkind Corporation (MNKD)?

The market cap of Mannkind Corporation (MNKD) is approximately 1.9B.

What is MannKind Corporation's primary focus?

MannKind Corporation primarily focuses on the development and commercialization of innovative inhaled therapeutic products for diseases such as diabetes, pulmonary arterial hypertension, and nontuberculous mycobacterial (NTM) lung disease.

What is Afrezza?

Afrezza is MannKind's ultra-rapid-acting inhaled insulin used to improve glycemic control in adults with diabetes. It consists of a dry powder formulation of human insulin delivered via a small, portable inhaler.

What recent advancements has MannKind made?

MannKind recently announced the initiation of a Phase 3 trial for Clofazimine Inhalation Suspension for NTM lung disease and a Phase 1 study for nintedanib DPI (MNKD-201) for pulmonary fibrotic diseases.

What is Technosphere<sup>®</sup> technology?

Technosphere® technology is MannKind's proprietary dry-powder inhalation platform that provides rapid and effective delivery of medicines to the deep lung for local or systemic effects.

What is the significance of the iSPERSE<sup>™</sup> technology partnership?

The in-licensing of Pulmatrix's iSPERSE technology allows MannKind to enhance its formulation capabilities for developing effective inhaled therapies, particularly for diseases requiring higher drug payloads.

What diseases does MannKind target with its products?

MannKind targets endocrine diseases such as diabetes and various orphan lung diseases including NTM lung disease, pulmonary fibrosis, and pulmonary arterial hypertension.

Where can I find more information about MannKind Corporation?

More information about MannKind Corporation can be found on their website, mannkindcorp.com, and their social media channels on LinkedIn, Facebook, X, and Instagram.

Is MNKD-101 approved for use?

No, MNKD-101 is an investigational product and is not approved for any use in any country at this time.

What is the significance of the ICoN-1 trial?

The ICoN-1 trial is a Phase 3 study evaluating the efficacy and safety of Clofazimine Inhalation Suspension for treating refractory NTM lung disease. It aims to address a rising global health concern and improve treatment options for this serious condition.

How does MannKind's partnership with Pulmatrix benefit its R&D capabilities?

The partnership with Pulmatrix includes acquiring Pulmatrix’s R&D facility, allowing MannKind to expand its presence in the Boston area and continue advancing its orphan lung disease programs with enhanced capabilities.

Mannkind Corporation

Nasdaq:MNKD

MNKD Rankings

MNKD Stock Data

1.87B
270.76M
1.83%
56.64%
15.24%
Biotechnology
Pharmaceutical Preparations
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United States of America
DANBURY