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Fly News Breaks for November 11, 2015
MNKD
Nov 11, 2015 | 12:24 EDT
Piper Jaffray analyst Joshua Schimmer says MannKind's outlook "continues to darken" after Israeli news reports stated that Israeli regulators are preventing the company's 50M share private placement to index funds from taking place. MannKind will face increasing pressure to address its "deteriorating financial position" should the private placement not take place, Schimmer tells investors in a research note. He reiterates an Underweight rating on the stock with a $1.50 price target.
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