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MannKind Earns $50M Sanofi Milestone

Achieves manufacturing milestone for Afrezza

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By: Kristin Brooks

Managing Editor, Contract Pharma

MannKind Corp. has earned a $50 million milestone payment under its collaboration and licensing agreement with Sanofi in connection with the satisfaction of manufacturing milestones for Afrezza.
 
MannKind had received a $150 million upfront payment and is eligible to earn as much as $725 million in further development, regulatory and sales milestones, and is also eligible to receive a share of profits on Afrezza sales.

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