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Examples
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Mannkind, which employs 440 people, has tried to cut spending while it hopes for a green light.
Billionaire Al Mann's Quest For A Diabetes Breakthrough David Whelan 2010
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Mannkind, which has no revenues, is itself running out of cash -- with only three months left before it will need more.
Billionaire Al Mann's Quest For A Diabetes Breakthrough David Whelan 2010
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Mannkind, his Valencia, Calif. company, has burned through $1.5 billion in 13 years, including $925 million of Mann's own funds, in pursuit of a product -- inhaled powder insulin for diabetes -- that the rest of the industry gave up on years ago.
Billionaire Al Mann's Quest For A Diabetes Breakthrough David Whelan 2010
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But she thinks that Mannkind is far from finished.
Billionaire Al Mann's Quest For A Diabetes Breakthrough David Whelan 2010
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The Food & Drug Administration, which has lately taken a skeptical view of such devices, will decide whether Mannkind can start selling the inhaler next year.
Billionaire Al Mann's Quest For A Diabetes Breakthrough David Whelan 2010
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But he still insists he wouldn't sell Mannkind for $25 a share even though it trades today at around $5.50, for a $700 million valuation.
Billionaire Al Mann's Quest For A Diabetes Breakthrough David Whelan 2010
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Mannkind recently built a factory in Danbury, Conn. that can produce up to 50 million inhalers a year.
Billionaire Al Mann's Quest For A Diabetes Breakthrough David Whelan 2010
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Mann remains quite wealthy, but his fortune, which FORBES estimated at $2.2 billion in 2008, has sunk to $1.2 billion with the demise of Eclipse and a $600 million paper loss at Mannkind.
Billionaire Al Mann's Quest For A Diabetes Breakthrough David Whelan 2010
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Mannkind recently built a factory in Danbury, Conn. that can produce up to 50 million inhalers a year.
Billionaire Al Mann's Quest For A Diabetes Breakthrough David Whelan 2010
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The Food & Drug Administration, which has lately taken a skeptical view of such devices, will decide whether Mannkind can start selling the inhaler next year.
Billionaire Al Mann's Quest For A Diabetes Breakthrough David Whelan 2010
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