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MannKind Corp. Message Board

  • kevinmik kevinmik Apr 18, 2014 7:57 PM Flag

    Mannkind Will Have No Cash By The July 15th PDUFA Date

    Mannkind started the year with $100 million available to pay the company's bills consisting of $70 million in cash and $30 million they can borrow from Mannkind Group, LLC Line of Credit Facility. The company is expected to burn about $45 million in cash quarterly to run the company, which will have Mannkind running out of money by the time the extended PDUFA Date July 15th comes around. Mannkind is scheduled to receive another $40 million from Deerfield upon receiving FDA approval, but obviously they will need to do more to raise a lot more capital to support the company's future independence if that's the direction are heading and it will be interesting to see how they do it and when they do it.

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