MannKind Corporation Reports 2016 First Quarter Financial Results

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Piper Jaffray Doubles MannKind (MNKD) PT to 10 Cents

May 10, 2016 6:48 AM EDT

Piper Jaffray analyst Joshua Schimmer doubled his price target on MannKind (NASDAQ: MNKD) to $0.10 (from $0.05) following Q1 results and its updated cash burn. The firm maintained an Underweight rating on the stock.

Schimmer commented, "After the close MNKD reported 1Q16 results... More

MannKind (MNKD) Misses Q1 EPS by 2c

May 9, 2016 4:01 PM EDT

MannKind (NASDAQ: MNKD) reported Q1 EPS of ($0.06), $0.02 worse than the analyst estimate of ($0.04).

The Companys portion of the loss sharing under the Sanofi License Agreement was $5.5 million for the first quarter of 2016. The total amount owed to Sanofi is currently $68.8 million, including... More