MannKind is trading at $3.79 (-6.34%) after investors focused on higher launch spending and a wider GAAP loss following the August 5 earnings release.
- Second-quarter revenue reached $109.4 million, up 43% year over year, but MannKind reported a $19 million GAAP net loss as operating expenses increased.
- The reversal after earnings reflects caution over commercialization costs and upcoming contingent-value-right payment charges.