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MannKind Corporation Reports 2021 First Quarter Financial Results
Conference Call to Begin Today at 5:00 PM ET
1Q 2021 Total Revenues of $17.4 million; +7% vs. 1Q 2020
Received $230.0 million gross proceeds from 2.5% senior convertible notes
$278.3 million of Cash, Cash Equivalents and Investments at March 31, 2021
Tyvaso DPI™
WESTLAKE VILLAGE, Calif., May 12, 2021 (GLOBE NEWSWIRE)
MannKind Corporation (Nasdaq:MNKD) today reported financial results for the quarter ended March 31, 2021.
“We started 2021 by taking advantage of favorable market conditions to strengthen our financial position with the issuance of $230 million of senior convertible notes, which provides our current and future partners with greater confidence in our company,” said Michael Castagna, Chief Executive Officer of MannKind Corporation. “The capital raised allows us to reduce our legacy debt, advance our pipeline and grow Afrezza. In the first quarter of 2021, the underlying demand for paid Afr
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