MannKind Corporation
5.54+0.24 (+4.53%)
Oct 29, 4:00:01 PM EDT · NasdaqGM · MNKD · USD
Key Stats
Market Cap
1.70BP/E (TTM)
50.36Basic EPS (TTM)
0.11Dividend Yield
0%Recent Filings
8-K
MannKind acquires scPharma
MannKind Corporation completed its acquisition of scPharmaceuticals Inc. on October 7, 2025, via tender offer and merger, securing 73.47% of shares for $5.35 cash per share plus a non-transferable CVR worth up to $1.00 contingent on FDA approval of an injection product by June 30, 2027, and $110 million in worldwide net sales of products by December 31, 2026. The deal, funded by $250 million in delayed draw term loans under the Blackstone Credit Facility maturing August 6, 2030, at SOFR plus 4.75%, also extinguished scPharma's $82.6 million debt. Integration bolsters MannKind's pipeline, yet milestone risks loom large. 
8-K
Expands license for new product
MannKind Corporation amended its 2018 license agreement with United Therapeutics on August 24, 2025, expanding coverage to an additional pulmonary hypertension product using its Technosphere platform. MannKind will formulate and supply clinical materials free of charge, receiving a $5 million upfront payment, up to $35 million in development milestones, and 10% royalties on net sales if approved. This bolsters MannKind's revenue pipeline while United Therapeutics handles further development. Yet risks linger if milestones falter. 
8-K
MannKind Corporation acquires scPharmaceuticals for $5.35/share plus up to $1.00 CVR, expanding into cardiorenal medicine with FUROSCIX to accelerate revenue growth.
MannKind Corporation announced on August 25, 2025, its entry into a definitive merger agreement to acquire scPharmaceuticals Inc. for $5.35 per share in cash plus one non-tradeable contingent value right (CVR) per share, potentially worth up to $1.00 in cash upon achieving regulatory and net sales milestones, valuing the deal at up to $360 million. This acquisition expands MannKind's portfolio into cardiorenal medicine with FUROSCIX, an FDA-approved treatment for fluid overload in chronic heart failure and kidney disease patients, expected to diversify and accelerate revenue growth. The transaction, approved by both boards, is anticipated to close in Q4 2025 pending regulatory approvals and other conditions. MannKind amended its financing with Blackstone for $175 million to fund the deal, including repaying scPharmaceuticals' $81 million debt. The merger aims to leverage MannKind's infrastructure for FUROSCIX's growth, with the autoinjector sNDA targeted for Q3 2025 submission. 
10-Q
Q2 FY2025 results
MannKind Corporation reported Q2 2025 financial results with total revenues of $76.5 million, up 6% year-over-year, driven by Afrezza sales growth to $22.5 million and Tyvaso DPI royalties of $31.2 million. Operating income was $5.3 million, with net income of $0.7 million or $0.00 per share. Cash and equivalents stood at $57.0 million. The company highlighted strong Afrezza demand and Tyvaso DPI milestone achievements, while noting ongoing investments in pipeline development. No major risks or events were flagged beyond standard operational challenges. 
8-K
Q2 revenues rise 6%; pipeline advances
MannKind Corporation reported Q2 2025 revenues of $76.5 million, up 6% from Q2 2024, driven by higher royalties on Tyvaso DPI and Afrezza sales of $18.3 million, a 13% increase, while collaborations dipped. The company submitted an sBLA for Afrezza in pediatrics, with FDA review expected early Q4 2025, and advanced its orphan lung pipeline: ICoN-1 enrollment for MNKD-101 hits targets ahead of schedule, and MNKD-201 Phase 2 for IPF starts by year-end. Cash stood at $201.2 million. Pipeline momentum offsets rising R&D and SG&A costs. 
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