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Fly News Breaks for March 1, 2018
MNKD
Mar 1, 2018 | 08:07 EDT
As reported earlier, Maxim analyst Jason Kolbert downgraded MannKind to Sell from Hold with a $1 price target, saying the company's Afrezza revenues of $4.5M were at the lower end of recently-lowered guidance and were " clearly disappointing given management's robust marketing plans". Kolbert adds that the company has just $44M of cash remaining, having burned through about $120M last year.
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