BUZZ-MannKind rises after India approves insulin inhalation powder

Reuters

2024/12/11

** Shares of drugmaker MannKind rise 2.1% to $6.81 premarket

** MNKD and partner Cipla say the Central Drugs Standard Control Organisation (CDSCO) in India has approved MNKD's insulin inhalation powder Afrezza

** India has the second highest burden of diabetes worldwide the companies say

** MNKD expects to ship product for CIPL by end of 2025

** Under the agreement, CIPL is responsible for obtaining regulatory approvals to distribute Afrezza in India as well as marketing and sales activities, while MNKD is responsible for supplying it

** Up to last close, MNKD up 83.2% YTD

(Reporting by Puyaan Singh)

((Puyaan.Singh@thomsonreuters.com;))

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