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.
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 |
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
In MNKD 127 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
STATE STREET CORP | 20.83M |
BlackRock Inc. | 20.27M |
Vanguard Group, Inc | 13.11M |
BlackRock Fund Advisors | 10.32M |
venBio Select Advisor LLC | 9.10M |
BlackRock Institutional Trust Company, N.A. | 7.02M |
FMR LLC | 6.59M |
GEODE CAPITAL MANAGEMENT, LLC | 4.67M |
EMERALD ADVISERS INC/PA | 3.77M |
D. E. Shaw & Co., Inc. | 3.48M |
GOLDMAN SACHS GROUP INC | 2.71M |
NORTHERN TRUST CORP | 2.34M |
MORGAN STANLEY | 2.21M |
SCHWAB CHARLES INVESTMENT MANAGEMENT INC | 1.85M |
CITADEL ADVISORS LLC | 1.84M |
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 / |