Buy on rumor , sell on news, has long been a Wall Street mantra. At least the company was positive on future earnings. AND, we had a dividend increase ! Of coarse, it is nothing compared to what was paid by NYSE. From a chartist point, this is a solid support area to add to your holdings.
Why on God's green earth would SNY want to buy MNKD, when they couldn't make a go of it with 65% of the profits ? I would assume a SNY would be interested in a buy out when the company is profitable, not when it's about to go bankrupt. The only positive is it's a lot cheaper than it was 2 years' ago.