Jefferies analyst Shaunak Deepak reiterated a Buy rating and $9 price target on MannKind (NASDAQ: MNKD) after takeaways from the Jefferies 2015 Global Healthcare Conference.

Deepak commented, "During their presentation at the Jefferies Global Healthcare Conference, MNKD focused on the Afrezza launch and their ongoing efforts with partner Sanofi (SAN FP, Hold) to improve uptake. We look to advertising efforts in 3Q as a driver for Afrezza awareness and adoption, but we would not be overly concerned if the next few weeks of Afrezza prescription data look choppy."

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Shares of MannKind closed at $5.54 yesterday.