|
Post by BD on Feb 18, 2014 8:11:26 GMT -5
08:09 EDT MNKD theflyonthewall.com: MannKind reports Q4 EPS (16c), consensus (14c) :theflyonthewall.com
|
|
|
Post by liane on Feb 18, 2014 8:14:57 GMT -5
|
|
|
Post by liane on Feb 18, 2014 8:27:59 GMT -5
Correct me if I'm wrong, but it seems as though they have more cash than I would have expected based on disclosed transactions; also in spite of an accelerated burn rate.
93 M end of Q3 45 M Deerfield 40 M warrants ___________________
178 M (115 M) convertible ___________________
63 M (47 M) Q4 ___________________
16 M remaining Q4
So... did they tap the ATM for up to 50 M ??
They would have had to do this in Q4 for it to show on the books now. They also needed to have 25 M in cash or equivalents EOQ. With the ATM, don't think they have to disclose it in real time - do they?
Also note the accelerated burn rate - probably due to build-out of Danbury.
Anyway - cash is no problem through 4/15 PDUFA.
|
|
|
Post by mannmade on Feb 18, 2014 10:36:03 GMT -5
Alos look at operating expenses as they have jumped 8m+ so theory must be ramping up not just buildout of Danbury but new hires/salaries are being paid. A good sign i would think even though same happened last time at this point.
|
|
|
Post by liane on Feb 18, 2014 14:37:34 GMT -5
|
|
|
Post by nemzter on Feb 18, 2014 15:27:59 GMT -5
2.3B in NOLs, definitely worth something for a partner/buyer to consider
|
|
|
Post by ashiwi on Feb 18, 2014 15:28:17 GMT -5
They are also currently doing Technosphere R&D with the "Cricket" which may be adding to that # as well.
|
|
|
Post by mannmade on Feb 19, 2014 14:04:33 GMT -5
Btw, I first found some information about the pain relief medication they are developing a couple of years ago in an article that seemed to go mostly unnoticed. The article mentioned mannkind had partnered with a company down in La Jolla. Several things were mentioned in the article that I dismissed at the time since as with everyone else I have been focused on Afrezza getting to market and I felt it was mostly early hype of a product with unproven research.
But now that I have seen and heard several references to the Cricket Device and the pain med it was developed to deliver I am starting to think it may be much more real than I originally thought. And if so, it could be bigger than Afrezza for the following reasons: As I recall it is an opiate substitute that is a.) non addictive, b.) you can use as much as you need without overdosing, and c.) it takes effect within five minutes. Now I am quoting from memory but as I recall these were the main points. I am looking for the original article but have not yet found it. Don't want to mislead anyone but this is what I recall reading a couple of years ago and have not heard much since until last couple of months when speaking about Cricket and was yet union pain medication product.
|
|
|
Post by ashiwi on Feb 19, 2014 14:20:29 GMT -5
Yes, MNKD management thinks that the Cricket device for acute pain could be bigger than Afrezza. Currently Torrey Pines in Port St Lucie, Fl is conducting R&D utilizing mice ( I still have not figured out how they get mice to inhale using the Cricket) There may be a branch of Torrey Pines in La Jolla as well. Still in it's early phases of R&D but management was very enthusiastic about the studies so far. They had to take a back seat when MNKD got the CRL for Afrezza 3 years ago, but they are progressing nicely now.
|
|
|
Post by mannmade on Feb 19, 2014 14:35:49 GMT -5
Thanks Ashiwi, it was Torrey Pines... And you have filled in the gaps... Like I said it was a couple of years ago and now I am also that much older so the memory gets a bit foggy at times... Perhaps Al can also help with this...
|
|
|
Post by brentie on Feb 19, 2014 14:39:12 GMT -5
|
|
|
Post by mannmade on Feb 19, 2014 15:51:07 GMT -5
Thanks Brentie...
|
|
|
Post by afrezzamiracle on Feb 19, 2014 17:22:30 GMT -5
|
|
|
Post by notamnkdmillionaire on Feb 19, 2014 18:32:52 GMT -5
itellthefuture from YAHOO (I think he might be kevinmik on YMB) posted the heck out of this news item regarding torrey pines. The story mentions that they were suppose to start clinical trials in 2013 but I don't think that has happened yet.
|
|
|
Post by liane on Feb 19, 2014 18:53:38 GMT -5
itellthefuture from YAHOO (I think he might be kevinmik on YMB) posted the heck out of this news item regarding torrey pines. The story mentions that they were suppose to start clinical trials in 2013 but I don't think that has happened yet. Interesting you think Itell and and Kevin are one in the same; I don't notice a similarity. Hmmmmm!
|
|