MannKind Receives $30.6 Million From Sanofi

VALENCIA, Calif., Jan. 09, 2017 (GLOBE NEWSWIRE) -- MannKind Corporation MNKD MNKD today confirmed that it received $30.6 million from Sanofi on January 6, 2017, representing the balance of the accelerated insulin "put" option previously exercised by MannKind.  This payment was made pursuant to a previously disclosed agreement reached with Sanofi on November 9, 2016. 

About MannKind Corporation

MannKind Corporation MNKD MNKD focuses on the discovery, development and commercialization of therapeutic products for patients with diseases such as diabetes. MannKind maintains a website at http://www.mannkindcorp.com to which MannKind regularly posts copies of its press releases as well as additional information about MannKind. Interested persons can subscribe on the MannKind website to e-mail alerts that are sent automatically when MannKind issues press releases, files its reports with the Securities and Exchange Commission or posts certain other information to the website.