Why Mannkind Is Here To Stay - Excellent Article
Jun 25, 2016 19:37:32 GMT -5
sportsrancho and centralcoastinvestor like this
Post by hawaiiguy42 on Jun 25, 2016 19:37:32 GMT -5
A must read: www.aomarkets.com/mannkind-mnkd-stock-gains-market-falls-heres/
MannKind has had an incredibly rough time over the past year. So, it wouldn’t be expected to be one of the few stocks in the green when global markets are in the red. Nonetheless, that’s exactly what we saw on Friday. While the global market saw massive declines as the result of a Brexit vote, MNKD actually found its way to the green. The reason is simple. It actually revolves around the reason for the declines in the first place. Today, we’ll talk about why the company has had such a hard time in the market, why we’re seeing gains now, even through rough market conditions, and what we can expect to see from the stock moving forward.
Why MNKD Has Had Such A Rough Time
Over the past year, MannKind has given up a massive amount of its value because Afrezza sales didn’t go as planned. Afrezza is an insulin designed to be inhaled rather than injected. Considering the massive amount of people that are afraid of needles, the implications for the pediatric industry, and the amount of people that don’t have access to public restrooms when working, this should have flew off of the shelves. Nonetheless, that’s not what happened.
Shortly after announcing the FDA approval of Afrezza, MNKD contracted with Sanofi for the commercialization of the treatment. The only problem is that Sanofi was a direct competitor. If they did commercialize Afrezza properly, they’d likely lose money on the sale of their own product. As a result, commercialization moved at a snail’s pace. Sales just weren’t what investors wanted to see. Investors saw Afrezza as a failure, and sent MNKD tumbling downward.
Why The Stock Is Gaining
While MannKind has had a rough time in the market over the past year, the company is seeing gains at the moment. So, what’s the deal? Well, it all circles back to Afrezza.
MNKD announced that it would be starting the second launch of Afrezza in July. This is incredibly big news as the company now has a second chance to succeed. This time, things are quite a bit different too.
This launch is coming from MNKD directly as the company canceled its agreement with Sanofi earlier this year. Not to mention, over the year, the company has compiled massive amounts of data surrounding Afrezza. This data will help the company to commercialize the treatment better thanks to better presentations for physicians and patients.
On top of that MannKind has announced a partnership with JDRF. JDRF is a non-profit organization that is working to make lives better for those in the diabetic community. The partnership largely surrounds shaping Afrezza as a perfect option for the pediatric diabetic population. Afrezza is a much needed treatment in this area, and if done properly, could lead to massive profits.
What We Can Expect To See Moving Forward
Moving forward, I have a relatively mixed opinion of what we can expect to see from MNKD. In the short run, things are very uncertain. With global economic conditions being called into question, markets are struggling in a big way. I don’t see this coming to an end in the short run. After all, the Brexit is big news and will likely have massive economic and market implications.
With that said, I do see tremendous upside potential in MNKD in the long run. There’s a need for Afrezza in multiple markets surrounding the larger diabetes market. Now, it’s up to MannKind to reach out to these markets and sell the product. With their commercialization plan, I don’t see why they wouldn’t be able to do so.
What Do You Think?
MannKind has had an incredibly rough time over the past year. So, it wouldn’t be expected to be one of the few stocks in the green when global markets are in the red. Nonetheless, that’s exactly what we saw on Friday. While the global market saw massive declines as the result of a Brexit vote, MNKD actually found its way to the green. The reason is simple. It actually revolves around the reason for the declines in the first place. Today, we’ll talk about why the company has had such a hard time in the market, why we’re seeing gains now, even through rough market conditions, and what we can expect to see from the stock moving forward.
Why MNKD Has Had Such A Rough Time
Over the past year, MannKind has given up a massive amount of its value because Afrezza sales didn’t go as planned. Afrezza is an insulin designed to be inhaled rather than injected. Considering the massive amount of people that are afraid of needles, the implications for the pediatric industry, and the amount of people that don’t have access to public restrooms when working, this should have flew off of the shelves. Nonetheless, that’s not what happened.
Shortly after announcing the FDA approval of Afrezza, MNKD contracted with Sanofi for the commercialization of the treatment. The only problem is that Sanofi was a direct competitor. If they did commercialize Afrezza properly, they’d likely lose money on the sale of their own product. As a result, commercialization moved at a snail’s pace. Sales just weren’t what investors wanted to see. Investors saw Afrezza as a failure, and sent MNKD tumbling downward.
Why The Stock Is Gaining
While MannKind has had a rough time in the market over the past year, the company is seeing gains at the moment. So, what’s the deal? Well, it all circles back to Afrezza.
MNKD announced that it would be starting the second launch of Afrezza in July. This is incredibly big news as the company now has a second chance to succeed. This time, things are quite a bit different too.
This launch is coming from MNKD directly as the company canceled its agreement with Sanofi earlier this year. Not to mention, over the year, the company has compiled massive amounts of data surrounding Afrezza. This data will help the company to commercialize the treatment better thanks to better presentations for physicians and patients.
On top of that MannKind has announced a partnership with JDRF. JDRF is a non-profit organization that is working to make lives better for those in the diabetic community. The partnership largely surrounds shaping Afrezza as a perfect option for the pediatric diabetic population. Afrezza is a much needed treatment in this area, and if done properly, could lead to massive profits.
What We Can Expect To See Moving Forward
Moving forward, I have a relatively mixed opinion of what we can expect to see from MNKD. In the short run, things are very uncertain. With global economic conditions being called into question, markets are struggling in a big way. I don’t see this coming to an end in the short run. After all, the Brexit is big news and will likely have massive economic and market implications.
With that said, I do see tremendous upside potential in MNKD in the long run. There’s a need for Afrezza in multiple markets surrounding the larger diabetes market. Now, it’s up to MannKind to reach out to these markets and sell the product. With their commercialization plan, I don’t see why they wouldn’t be able to do so.
What Do You Think?