sny is one slick operator. Wow, MNKD should get 36 percent of profits without having to pay out expenses. With this deal they are paying expenses and taking on debt. Did MNKD gift afrezza to SNY?
Looks that way. If Hakan negotiated this deal maybe that is why he got fired when al finally realized he was screwed. if that is the case the shareholders are really screwed as this dude is running the asylum.
1) MNKD sells Afreeza
2) MNKD sells MNKD
3)SNY breaks contract, MNKD does a massive dilution
4)SNY does not break contract, SNY and AL continue to loan MNKD money until it runs out of cash, then ask for payment making a BK happen. This way AL, being a good guy, can give Mankind away to the world and get it back again owning half after BK and present long shareholders get wiped or with greatly reduced stake.
5)SNY is for real and always was and eventually lets afrezza be all it can be.
By the way, if #4 happens: you will get in a few years a check in the mail giving you enough cash to take the wife for a nice steak dinner/ wine for your litigation payout. That's the way it works. It is all good.
I think they have bigger fish to fry right now.
Either drop it or try to string it out to be a nonevent. If it takes years to get the messages out, same thing. Mnkd needs to reset this with somebody else. Product is too advanced for Sny.
Doesn't matter, just file the friggin paperwork and let them eventually approve it. I hear nothing being done. Great opportunity here for a young talented guy who could get things done and make deals. Could get rich quick and even be famous. Wished it was me. Mnkd stuck with al and Matt.
This is why longs are losing their shirts. Yes, 6.3 billion in sales; SNY profit will net 20 percent is 1.3 billion; mnkd gets 35% is 400 million. Applied against mnkd bloated share base this is not even $1 a share. Mnkd shares in the profit not the revenue. Where is the money? Al needs to sell this drug to someone and stop trying to do these nothing partnerships.
Makes sense but mnkd signed a i-don't-care-what-happens-to-afrezza deal like this one. Took 10 years for approval, now two more for a soft (no) launch effort. They may bury afrezza with Al.
Work on us approval done a year ago. No excuse. One person with a computer could use the U.S. approval as a template and apply worldwide, then answer all the stupid questions that should not have asked in the first place. Drug works and is safe. I don't see anything going on at all. Very successful clinical trial done and approved last year and nothing.
What is so difficult in refiling us approval data worldwide and answer questions if necessary. All these socialist country's are only in the way. Just answer the same questions, work is already done and get approved. I hear nothing about a real effort being done.
All we need is someone to push it.
Being the best in Breed: MNKD needs to get rid of SNY; cut the price of Afrezza to get Tier 2; sell it regionally to get foothold cash and then go national with TV adds with secondary offering if needed. This product will sell it self with exposure and affordability. Keep all the money. Screw BP.
yes they can!!! Sell Afrezza and use proceeds to build out the platform. No dilution, no debt (pay off any current debt) plenty of cash, new CEO. Think about it. Stop being greedy and be more realistic. I would make a great CEO.