Investment
Features
FeesSafety
Academy
More
Pluang+

MannKind raises $50M in private placement to fund new FDA-approved drug launch and corporate needs

Company Fundamentals
24 Jul 2026
GlobeNewsWire
View Source
Bullish
pluang ai news

MannKind Corporation announced a $50 million private placement led by Frazier Life Sciences, selling common stock and pre-funded warrants to institutional investors. The funds will support general corporate purposes, including a $45 million payment linked to the recent FDA approval of their drug Furoscix ReadyFlow™, an autoinjector for treating edema in heart failure and chronic kidney disease. The financing is expected to close around July 24, 2026, and MannKind plans to register the resale of these securities with the SEC. This capital raise aims to strengthen MannKind's position as it advances treatments for cardiometabolic and orphan lung diseases.

More News

BiomX's Zorronet expands in Europe with AI collaborations in agriculture and transport security

BiomX's Zorronet expands in Europe with AI collaborations in agriculture and transport security

BiomX's subsidiary Zorronet has partnered with Czech company Samura s.r.o. to expand its AI-powered monitoring technology across Central and Eastern Europe. The collaborations focus on smart pest management in agriculture and protecting critical tran...

Market News
Bullish
36 minutes ago
EquipmentShare sued for securities fraud over undisclosed related-party deals post-IPO, stock drops 34.5%.

EquipmentShare sued for securities fraud over undisclosed related-party deals post-IPO, stock drops 34.5%.

EquipmentShare.com Inc. and some executives face a securities fraud lawsuit alleging they misled investors by not disclosing ongoing related-party transactions after their January 2026 IPO. The complaint claims founder-related entities continued undi...

Market News
Bearish
36 minutes ago
Investec Bank discloses share dealings in Advanced Medical Solutions Group Plc on July 23, 2026

Investec Bank discloses share dealings in Advanced Medical Solutions Group Plc on July 23, 2026

Investec Bank plc, acting as advisor and joint broker to Advanced Medical Solutions Group Plc, disclosed its share transactions on July 23, 2026. The bank purchased 640,099 ordinary shares at prices between 280 and 280.25 per unit and sold 650,000 sh...

Market News
Neutral
3 hours ago
SAP beats Q2 earnings estimates with strong cloud growth, signaling potential market rotation.

SAP beats Q2 earnings estimates with strong cloud growth, signaling potential market rotation.

SAP reported strong Q2 results, beating GAAP EPS estimates and maintaining over 20% growth in cloud revenue. Despite a 40% drop in share price this year, the company shows operational strength and expects revenue acceleration by 2027. The resilience ...

Company Fundamentals
Bullish
4 hours ago
Opawica Explorations plans $1.5M private placement to fund drilling at Arrowhead property

Opawica Explorations plans $1.5M private placement to fund drilling at Arrowhead property

Opawica Explorations Inc. announced a non-brokered private placement to raise up to CAD $1.5 million by issuing 15 million units at $0.10 each. Each unit includes one common share and half a warrant, exercisable at $0.20 within 24 months. The funds w...

Company Fundamentals
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App