MannKind (MNKD) Files to Offer 50M Shares to Funds in Israel

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Piper Jaffray Maintains Underweight on MannKind (MNKD) Following Results and Grim Outlook

November 10, 2015 7:01 AM EST

Piper Jaffray analyst Joshua Schimmer reiterated an Underweight rating and $1.50 price target on MannKind (NASDAQ: MNKD) following results.

Schimmer commented, "While cost-cutting measures will help curtail the cash burn, the disappointing launch of Afrezza and increasing net-debt position seem to be making the... More