Piper Jaffray Doubles MannKind (MNKD) PT to 10 Cents
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MannKind Announces Pricing of Registered Direct Public Offering of Common Stock and Warrants
May 9, 2016 6:24 PM EDTVALENCIA, Calif., May 09, 2016 (GLOBE NEWSWIRE) -- MannKind Corporation (Nasdaq: MNKD) (TASE: MNKD) today announced the pricing of a registered direct public offering of up to 48,543,692 shares of common stock and warrants to purchase up to an aggregate of 48,543,692 Â shares of common stock to select institutional investors. Each share of common stock is being sold together with a warrant to purchase 0.75 of a share of common stock (A Warrants) and a warrant to purchase 0.25 of a share of common stock (B Warrants) for a combined purchase price of... More
MannKind Corporation Reports 2016 First Quarter Financial Results
May 9, 2016 4:00 PM EDTVALENCIA, Calif., May 09, 2016 (GLOBE NEWSWIRE) -- MannKind Corporation (Nasdaq: MNKD) (TASE: MNKD) today reported financial results for the first quarter ended March 31, 2016.
For the first quarter of 2016, total operating expenses were $20.0 million as compared to $21.7 million for the same quarter in 2015. Research and development expenses were $5.1 million for the first quarter of 2016, a decline of 45%, compared to the first quarter of 2015, primarily due to the reduction in force and closure of the Paramus, New Jersey facility in 2015 and the transition from development to commercial... More
