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MNKD $4.19

MNKD target price
4.19
0
0
MannKind Corporation
Type
Public company
Traded as NASDAQ: MNKD
Industry Biotechnology
Founded 1991
Founder Alfred E. Mann
Headquarters Westlake Village, CA, United States
Number of employees
250
Website www.mannkindcorp.com

MannKind Corporation, based in Westlake Village, California, is a biopharmaceutical company focusing on the discovery, development, and commercialization of therapeutic products for diseases such as diabetes and Pulmonary Arterial Hypertension (PAH). The company, while founded in February 1991, took its present form in 2003 as a merger of three companies owned by Alfred E. Mann, Pharmaceutical Discovery Corporation (PDC), the cancer vaccine developer CTL ImmunoTherapies, Inc., and its sister company Allecure Corp which was developing a novel allergy vaccine technology. MannKind Corporation was named after its founder, Alfred Mann, who invested at least $900 million of his own fortune in the firm. One of the former companies, Pharmaceutical Discovery, was purchased in 2001 from Solomon Steiner; with that purchase MannKind acquired the Technosphere molecule and Medtone Inhaler, upon which was developed its lead product, Afrezza (inhalable insulin).

Mann was chief executive officer until January 12, 2015 when Hakan Edstrom became CEO and Mann transitioned to executive chairman.

In November 2015, Hakan Edstrom stepped down as CEO and president and will remain until July, 2017 to provide other services for the company. Company founder Alfred Mann stepped in as interim CEO. 8-K file on November 19, 2015. In May 2017, Michael Castagna was named CEO of MannKind Corporation.

MannKind's corporate headquarters are in Westlake Village, California. The Afrezza manufacturing facility is in Danbury, Connecticut.

Afrezza is an ultra-rapid-acting insulin peaking 12 to 15 minutes following inhalation and exits your body within 2-3 hours. The FDA approved Afrezza on June 27, 2014 with a 13-1 vote for type 1 diabetes and 14-0 vote for type 2 diabetes.

On August 11, 2014 MannKind entered into an exclusive global licensing agreement with Sanofi for Afrezza sales. Under the agreement, MannKind received $150 million cash from Sanofi, in exchange for sharing profits and losses of sales of Afrezza, with 65% for Sanofi and 35% for MannKind. On January 5, 2016, MannKind Corporation announced the termination of the license and collaboration agreement with Sanofi.

The firm has stated that it is developing a next generation inhalation technology, a miniature, breath-powered inhaler used in combination with single-use cartridges containing pre-metered doses. Initial pharmacokinetic studies were followed by studies of safety and efficiency involving technosphere formulations of different therapeutic proteins.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-11-07 Future report Set alerts
Q2 2022 2022-08-09 -0.11 -0.11
Q1 2022 2022-05-05 -0.10 -0.10
Q4 2021 2022-02-24 -0.11 -0.11
Q3 2021 2021-11-09 -0.02 -0.02
Q2 2021 2021-08-11 -0.05 -0.05
Q1 2021 2021-05-12 -0.05 -0.05
Q4 2020 2021-02-25 -0.06 -0.06
Q3 2020 2020-11-04 -0.05 -0.05
Q2 2020 2020-08-05 -0.05 -0.05

Ratings

2016-06-01 Lower Price Target RBC Capital Underperform $1.00 to $0.15
2016-06-01 Lower Price Target Piper Jaffray Underweight $1.50 to $0.05
2016-06-01 Lower Price Target Royal Bank Of Canada Underperform $1.00 to $0.15
2016-06-01 Lower Price Target Piper Jaffray Cos. Underweight $1.50 to $0.05
2016-04-28 Reiterated Rating JMP Securities Hold
2016-04-01 Reiterated Rating Goldman Sachs Sell
2016-04-01 Reiterated Rating Goldman Sachs Group Inc. Sell
2016-03-16 Reiterated Rating Piper Jaffray Sell
2016-03-15 Reiterated Rating JMP Securities Hold
2016-03-15 Reiterated Rating RBC Capital Underperform
2016-02-27 Reiterated Rating Piper Jaffray Sell
2016-02-06 Reiterated Rating Piper Jaffray Sell
2016-02-06 Reiterated Rating JPMorgan Chase & Co. Underweight
2016-01-27 Lower Price Target S&P Equity Research $1.12 to $0.96
2016-01-14 Reiterated Rating JPMorgan Chase & Co. Sell
2016-01-07 Reiterated Rating JPMorgan Chase & Co. Underweight
2016-01-06 Upgrade Griffin Securities Neutral to Buy $4.00
2015-12-08 Downgrade RBC Capital Outperform to Underperform $9.00 to $1.00
2015-12-08 Downgrade Griffin Securities Buy to Neutral
2015-12-08 Reiterated Rating Piper Jaffray Underweight $1.50
2015-11-23 Reiterated Rating RBC Capital Underperform $1.00
2015-11-16 Downgrade Griffin Securities Buy to Neutral
2015-11-14 Reiterated Rating Jefferies Group Buy $9.00
2015-11-12 Reiterated Rating Piper Jaffray Underweight $1.50
2015-11-10 Reiterated Rating RBC Capital Sell
2015-11-08 Reiterated Rating Goldman Sachs Sell
2015-11-04 Downgrade RBC Capital Outperform to Underperform $9.00 to $1.00
2015-09-09 Downgrade Piper Jaffray Neutral to Underweight $4.00 to $1.50
2015-08-07 Reiterated Rating Piper Jaffray Neutral $3.50
2015-08-03 Lower Price Target RBC Capital Outperform $10.00 to $9.00
2015-06-25 Reiterated Rating RBC Capital Outperform $10.00
2015-06-12 Reiterated Rating Jefferies Group Buy $9.00
2015-06-11 Reiterated Rating RBC Capital Outperform $10.00
2015-06-04 Reiterated Rating Jefferies Group Buy $6.25 to $9.00
2015-05-12 Reiterated Rating RBC Capital Outperform $10.00
2015-05-12 Reiterated Rating Goldman Sachs Sell $3.00 to $2.00
2015-05-11 Downgrade JPMorgan Chase & Co. Neutral to Underweight $7.00 to $4.00
2015-05-11 Lower Price Target MLV & Co. Hold $7.00 to $4.00
2015-05-08 Initiated Coverage Piper Jaffray Hold $3.50
2015-04-16 Lower Price Target RBC Capital Outperform $13.00 to $10.00
2015-03-02 Downgrade Goldman Sachs Neutral to Sell $6.00 to $3.00
2015-02-25 Set Price Target MLV & Co. Hold $7.00
2015-02-25 Set Price Target Piper Jaffray Hold $7.00
2015-02-25 Reiterated Rating JMP Securities Hold
2015-02-04 Set Price Target RBC Capital Buy $13.00
2015-02-03 Reiterated Rating Griffin Securities Positive
2015-01-16 Set Price Target MLV & Co. Hold $7.00
2014-11-05 Reiterated Rating Goldman Sachs Neutral
2014-10-20 Initiated Coverage Goldman Sachs Neutral $6.00
2014-08-27 Initiated Coverage Jefferies Group Buy $10.00
2014-08-12 Lower Price Target RBC Capital Outperform $16.00 to $13.00
2014-07-01 Downgrade MLV & Co Buy to Hold $11
2014-07-01 Downgrade Evercore ISI Buy to Hold $10.00 to $11.00
2014-07-01 Downgrade MLV & Co. Buy to Hold $10.00 to $11.00
2014-06-30 Boost Price Target Brinson Patrick Outperform $12.00 to $15.00
2014-06-12 Initiated Coverage RBC Capital Outperform $16.00
2014-05-14 Upgrade Piper Jaffray Underweight to Neutral $2.00 to $6.50
2014-05-13 Reiterated Rating MLV & Co. Buy $11.00 to $10.00
2014-04-08 Initiated Coverage Brinson Patrick Outperform $12.00
2014-04-02 Reiterated MLV & Co Buy $9 to $11
2014-04-02 Boost Price Target MLV & Co. Buy $9.00 to $11.00
2014-04-02 Lower Price Target Cowen and Company $5.50 to $5.00
2014-03-31 Downgrade Piper Jaffray Neutral to Underweight $5.00 to $1.50
2014-02-20 Reiterated Rating MLV & Co. Buy $10.00 to $9.00
2013-11-26 Initiated Coverage Piper Jaffray Neutral $5.00
2013-11-06 Lower Price Target MLV & Co. Buy $11.00 to $10.00
2013-06-27 Reiterated MLV & Co Buy $6 to $8
2013-05-15 Initiated MLV & Co Buy $6
2012-04-13 Initiated Cowen & Co Neutral
2012-02-23 Reiterated JMP Securities Mkt Outperform $7 to $5
2011-08-12 Upgrade JMP Securities Mkt Perform to Mkt Outperform $7
2011-01-20 Downgrade Rodman & Renshaw Mkt Outperform to Mkt Perform
2011-01-20 Downgrade JMP Securities Mkt Outperform to Mkt Perform
2009-09-25 Downgrade Oppenheimer Perform to Underperform
2009-06-04 Initiated Rodman & Renshaw Mkt Outperform $14
2008-10-07 Initiated Rodman & Renshaw Mkt Outperform $9
2008-04-10 Reiterated Jefferies & Co Underperform $4 to $2
2008-04-10 Downgrade Piper Jaffray Buy to Neutral
2008-04-09 Downgrade Leerink Swann Outperform to Mkt Perform
2008-03-10 Downgrade Jefferies & Co Buy to Underperform $20 to $4
2016-06-01 Lower Price Target RBC Capital Underperform $1.00 to $0.15
2016-06-01 Lower Price Target Piper Jaffray Underweight $1.50 to $0.05
2016-06-01 Lower Price Target Royal Bank Of Canada Underperform $1.00 to $0.15
2016-06-01 Lower Price Target Piper Jaffray Cos. Underweight $1.50 to $0.05
2016-04-28 Reiterated Rating JMP Securities Hold

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Edstrom Hakan President & COO 0.28%  (1114340) MNKD /
MANN ALFRED E Chairman & CEO 0.25%  (1005990) MNKD /
KRESA KENT 0.06%  (237589) FLR / MNKD /
Martens Juergen Corporate VP 0.03%  (106539) MNKD / NEOS /
MacCallum David 0.02%  (100109) MNKD /
CONSIGLIO RONALD J 0.02%  (98422) MNKD /
Adreveno Linda A Sr. VP, HR 0.02%  (92200) MNKD /
NORDHOFF HENRY L 0.02%  (88745) BTX / MNKD /
PFEFFER MATTHEW J Corporate VP and CFO 0.02%  (81961) DSKX / MNKD /
Tross Stuart A Corp VP, Chief People Officer 0.01%  (59840) AMGN / MNKD /
COHEN ABRAHAM E 0.01%  (56424) BTX / MNKD /
Palumbo Diane Vice President, Human Resource 0.01%  (50624) MNKD /
Friedman Michael A 0.01%  (47500) CELG / MNKD /
Thomson David VP & General Counsel 0.01%  (34067) MNKD /
Alinaya Rosabel Realica SVP, Prin Acctg Officer 0.01%  (28541) MNKD /
Kocinsky Joseph CTO 0.01%  (23010) MNKD /