Will This Destroy MannKind Corporation (MNKD)?

With a sub-$100 million market cap, investors don’t seem to be giving the company much credit. Given the company’s history with Linjeta, I can’t blame them. At this valuation, Biodel looks tempting, but it’s a bit of a crapshoot whether the new formulation will produce positive results given the limited data to date.

A positive phase 2 proof-of-concept trial would be a blow to MannKind Corporation (NASDAQ:MNKD), Eli Lilly & Co. (NYSE:LLY), and Novo Nordisk, but certainly not a knockout punch. BIOD-123 still has to go through phase 3 trials, putting it a couple of years away from getting on the market (assuming the data could be repeated). The Linjeta phase 2 data looked good, too.

The article Is This a MannKind Killer? originally appeared on Fool.com is written by Brian Orelli.

Fool contributor Brian Orelli has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

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