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Mannkind stock falls after announcing stock offering

By   /   Thursday, March 1st, 2018  /   Comments Off on Mannkind stock falls after announcing stock offering

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Mannkind reported $4.5 million in revenue for the fourth quarter and $11.75 million for the full year, significantly increasing product sales revenue while it transitions away from its former collaboration with Sanofi. Shares fell more than 5 percent to $2.78 as of noon on Feb. 28 after the company announced another stock offering, raising $50…

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