Form 8-K MANNKIND CORP For: Nov 09
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MannKind (MNKD), Sanofi (SNY) Enter Afrezza Resolution; Includes Termination of Aventisub Agreement
November 10, 2016 6:19 AM ESTMannKind Corporation (Nasdaq: MNKD) announced that MannKind and Sanofi (NYSE: SNY) have entered into an agreement with the following terms:
The promissory note and security agreement between MannKind and Aventisub LLC, a Sanofi affiliate, are... MoreMannKind (MNKD) Enters Settlement Agreement with Sanofi (SNY)
November 9, 2016 5:12 PM ESTMannKind (NASDAQ: MNKD) disclosed the following on Wednesday night:
Item 1.01 Entry into a Material Definitive Agreement.
On November 9, 2016 (the Effective Date), MannKind Corporation (the Company), Technosphere International C.V. (TICV) and MannKind Netherlands B.V. (BV and together with the Company, TICV and their respective affiliates, the MannKind Entities) entered into a settlement agreement (the Settlement Agreement) with sanofi-aventis U.S. LLC (Sanofi, together with its affiliates, the Sanofi Entities).
Under the terms of the Settlement Agreement, Sanofi has agreed to purchase $10.2 million of insulin from the Company by December 3, 2016 under the insulin put option (the... More
