Issue Date: June 15, 2009
MannKind Developing Compact Drug Inhaler
MannKind Corp. is developing a next-generation inhalation system for pulmonary delivery of drug powders based on its Technosphere technology. The company's ultra-rapid-acting insulin product, Afresa, which is under FDA review, uses this technology. Meanwhile, MannKind's $33 million deal to purchase a large quantity of insulin and Pfizer's Frankfurt, Germany, insulin factory has fallen through after Sanofi-Aventis exercised its right to acquire the plant. Sanofi's move "actually saves us a lot of money," MannKind CEO Alfred E. Mann says. "We didn't really want the factory; we just wanted all the insulin." Having enough insulin on hand to supply its current needs, the company probably won't require a plant for six to seven years, he adds.
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