MannKind Announces Pricing of Registered Direct Public Offering of Common Stock and Warrants

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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