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Fly News Breaks for November 12, 2015
MNKD
Nov 12, 2015 | 16:02 EDT
Piper Jaffray analyst Joshua Schimmer noted that MannKind priced 13M shares in its private placement of common shares to index funds in Israel, which is "well below" the original target of 50M shares and provides funding that "falls far short" of what the company needs for long term solvency. Schimmer reiterated an Underweight rating on MannKind shares.
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