MannKind Corp., $2.82, symbol MNKD on Nasdaq (Shares outstanding: 121.7 million; Market cap: $365.4 million; www.mannkindcorp.com), aims to discover, develop and sell treatments for diabetes and cancer.
In January 2011, MannKind reached a high of $10.05, but on January 19 it dropped to around $6 in one day after the U.S. Food and Drug Administration (FDA) failed to approve its inhaled insulin treatment, Afrezza. This drug appeared to offer advantages over injected insulin. This was the second time the FDA declined to approve Afrezza.
The FDA has now told MannKind to conduct at least two more clinical studies before it resubmits Afrezza for approval. Under the best scenario, however, the company won’t be able to resubmit the drug for 15 to 16 months. The FDA would then need six more months to decide whether to approve Afrezza.
In response to the rejection in January, MannKind cut 179 workers, or 41% its workforce, to focus on getting Afrezza approved. The company also terminated a..
Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
This privacy policy is applicable to all TSI Network Visitors, Clients, Employees, Suppliers, Web sites, Management, and all other interested parties. Any links to or from our site are not covered by this policy. We encourage you to read the privacy policies of every site that you visit.
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We do not collect or disclose personal information, except when it is provided to us voluntarily by the site/store visitor with their consent.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
TSI Network may revise this Policy from time to time.
Legal Notices and Disclaimers
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