Editor’s Note: Related tickers: MannKind Corporation (NASDAQ:MNKD), Synta Pharmaceuticals Corp. (NASDAQ:SNTA)
With luck, Santa Clarita’s MannKind Corporation (NASDAQ:MNKD) hopes to have FDA approval by April of next year of its innovative diabetes treatment – Afrezza. First conceived in 2011, and funded to a great extent by serial biomed and high tech entrepreneur Alfred Mann, MannKind Corporation (NASDAQ:MNKD) is a publically traded company whose shares of stock have risen steadily as the company approached the end of its final clinical trials on June 17. Treating diabetes with insulin, a very potent drug, is tricky, said Matthew Pfeffer, corporate vice president and CFO of the MannKind Corporation (NASDAQ:MNKD).
NASDAQ Active Stock Watch List: MannKind Corp. (NASDAQ:MNKD) and Synta Pharmaceuticals Corp. (NASDAQ:SNTA) Added to Equity Profile Report’s NASDAQ Active Stock Watch List. (SBWire)
Equity Profile Report expands its NASDAQ Active Stock Weekly Watch List adding MannKind Corporation (NASDAQ:MNKD) and Synta Pharmaceuticals Corp. (NASDAQ:SNTA). MannKind Corporation (NASDAQ:MNKD) a biopharmaceutical company that focuses on the discovery, development, and commercialization of therapeutic products for diabetes and cancer in the United States is currently down (-1.07%) on 2,129,210 shares traded. MannKind Corporation (NASDAQ:MNKD) is currently down (-8.93%) from its recent 52-week high which has prompted Equity Profile Report to add the stock to their NASDAQ Active Stock Watch List.
MannKind Corporation Implements BioPharm Systems’ Siebel Clinical Trial Management System Accelerator to Support Growing Product Pipeline (Virtual-Strategy)
MannKind Corporation (NASDAQ:MNKD) has implemented BioPharm Systems’ ASCEND, a pre-configured and enhanced version of Oracle’s Siebel Clinical Trial Management System (CTMS), to support its growing biopharmaceutical product pipeline. ASCEND is replacing MannKind Corporation (NASDAQ:MNKD)’s existing commercial CTMS, which no longer meets the needs of their clinical operations team. In addition to choosing ASCEND, MannKind Corporation (NASDAQ:MNKD) also elected to leverage BioPharm’s cloud hosting platform and managed services in order to reduce costs and save time.
Major Declaration from Biotech Stocks (FiscalInsider)
Biotech apprehension MannKind Corporation (NASDAQ:MNKD) has seen its shares almost triple in value over the previous year, with investors confident that its gulped insulin product Afrezza will obtain FDA authorization soon. The stock has huge prospects, although it has also significant risk, with authorization and strong sales not yet in place. In addition, a lot of success is already built into the stock’s current price, send-off less upside.
