MannKind Slips on Unexpected 4Q Loss

Dow Jones
02/27
 

By Katherine Hamilton

 

Shares of MannKind fell after the biopharmaceutical company posted an unexpected loss in the fourth quarter.

The stock slid 9.3%, to $3.18, Thursday afternoon, at one point touching a 52-week low of $2.94. Shares have lost 42% of their value over the past 12 months.

The Danbury, Conn., company swung to a loss of $15.9 million, or 5 cents a share, from a profit of $7.4 million, or 3 cents a share, the year before.

Cost of goods sold nearly tripled in the quarter, primarily due to the inclusion of Furoscix following its acquisition in October.

Research-and-development expenses more than doubled partly due to the Icon-1 clinical study for MNKD-101, which was discontinued in the fourth quarter.

 

Write to Katherine Hamilton at katherine.hamilton@wsj.com

 

(END) Dow Jones Newswires

February 26, 2026 15:19 ET (20:19 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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