MannKind (MNKD) Tops Q2 EPS by 1c

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Go back to MannKind (MNKD) Tops Q2 EPS by 1c

MannKind Corporation Reports 2015 Second Quarter Financial Results

August 10, 2015 8:00 AM EDT

VALENCIA, Calif., Aug. 10, 2015 (GLOBE NEWSWIRE) -- MannKind Corporation (Nasdaq: MNKD) today reported financial results for the second quarter ended June 30, 2015.

For the three and six months ended June 30, 2015, product shipments of Afrezza, our novel rapid-acting inhaled insulin therapy, were $5.9 million and $13.0 million, respectively, which we recorded as deferred product sales from our collaboration with Sanofi. For the quarter ended June 30, 2015, our portion of the loss sharing arrangement with Sanofi related to Afrezza was $12.8 million, which we subsequently financed by way of an advance under the loan facility with an affiliate of... More