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Featured Company News – MannKind and One Drop Announce Collaboration to Deliver a Unified Solution for Diabetes Patients

Research Desk Line-up: China Biologic Products Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 9, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for MannKind Corp. (NASDAQ: MNKD), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=MNKD. The Company and One Drop announced on August 07, 2017, the first step of their collaboration with the launch of A-ONE study, a randomized controlled trial investigating the use of Afrezza inhaled insulin and One Drop's integrated digital diabetes care platform. One Drop is a unique, fully integrated solution with the prospects of a huge health benefit. The combination of One Drop with inhaled insulin is expected to offer consumers, health care providers, and payers a potentially powerful solution with unprecedented benefits. One Drop, also known as Informed Data Systems, Inc., is a digital health Company, leveraging the power of mobile computing and data science to transform the lives of people with diabetes. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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Discover more of our free reports coverage from other companies within the Biotechnology industry. Pro-TD has currently selected China Biologic Products Holdings, Inc. (NASDAQ: CBPO) for due-diligence and potential coverage as the Company announced on August 02, 2017, its unaudited financial results for Q2 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on China Biologic Products when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on MNKD; also brushing on CBPO. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=MNKD

http://protraderdaily.com/optin/?symbol=CBPO

The Announcement

This announcement comes at the heels of the May 2017 release, where MannKind and One Drop announced a memorandum of understanding to explore collaborations related to One Drop and Afrezza, MannKind's inhaled rapid-acting mealtime insulin. The primary goal of the collaboration is to identify ways to simplify the complexity of starting and staying on mealtime insulin along with customized coaching to help people achieve their A1C goals.

Under the A-ONE study, appropriate people with type-2 diabetes who meet inclusion criteria will be randomized to one of two treatment terms: Afrezza® with One Drop | Premium — or — One Drop | Premium alone. Changes in hemoglobin A1C, self-care, treatment satisfaction, quality of life, and other metrics will be assessed too, under the study. The Company expects to deliver improved health outcomes at a fraction of the cost of current standards of care, where it is set to evaluate whether a completely integrated digital diabetes therapeutics platform coupled with MannKind's Afrezza could deliver a feasible, low-cost solution.

H1 2017 Results

MannKind reported net revenues of $5.2 million for the six-month period ended June 30, 2017. The Company announced $2.7 million of Afrezza product sales and $1.8 million from the sale of surplus bulk insulin to a third party and $0.6 million from the sale of certain oncology property in H1 2017. The Company reported net loss of $51.7 million for the six months ended June 30, 2017, versus net loss of $54.8 million for the period ended June 30, 2016.

Q2 2017 Results

MannKind reported its Q2 2017 results on August 07, 2017, for the three-month period ended June 30, 2017. The Company reported total net revenue of $2.2 million in Q2 2017, which was comprised of $1.5 million of Afrezza product's net sales, $0.1 million of collaboration revenues, and $0.6 million of other revenues from the sale of certain oncology intellectual property. As of June 30, 2017, Afrezza, which was shipped to the wholesale and retail channel, is not yet recognized as revenue was $2.6 million.

The net revenue and gross revenue from Afrezza advanced 29% and 60%, respectively, in Q2 2017 versus Q1 2017. The Company reported net loss of $35.3 million, or $0.35 per share, in Q2 2017 against net loss of $30.0 million in Q2 2016. During the quarter, MannKind also reduced its Deerfield obligations by $15 million through equity conversion and cash payments and held a positive pre-IND meeting with the FDA for treprostnil Technosphere, a potential treatment of pulmonary arterial hypertension with the intention of filing an investigational new drug application by the end of 2017.

Last Close Stock Review

At the closing bell, on Tuesday, August 08, 2017, MannKind's stock declined 1.71%, ending the trading session at $1.15. A total volume of 2.03 million shares have exchanged hands. The Company's stock price advanced 2.68% in the last three months. The stock is trading at a PE ratio of 0.84 and currently, has a market cap of $112.35 million.

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SOURCE: Pro-Trader Daily