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MannKind Expands Patent Portfolio With New Clofazimine Formulation Patent

Key Takeaway: MannKind Corporation announced the issuance of a new patent for its inhaled clofazimine formulation, MNKD-101, aimed at treating nontuberculous mycobacterial (NTM) lung disease. The patent, which expires in June 2039, is seen as crucial for the protection of this lead pipeline asset. MNKD-101 has gained attention due to promising early data suggesting improved patient tolerance compared to existing treatments. Given the rising prevalence of NTM lung disease, this development may address a significant health concern affecting many patients in the U.S.
Price reaction · baseline $3.91 (2023-10-27 close) · 1 other MNKD headline(s) in the window, move may be shared
day 0 close
+6.4%
day 1 · peak
+9.7%
day 3
+1.8%

Market Sentiment Analysis

POSITIVE FACTORS

  • MannKind's new patent for MNKD-101 provides important protection for their lead pipeline asset.
  • Early data suggests MNKD-101 may offer better tolerated treatment for patients suffering from NTM lung disease.
  • Clofazimine inhalation has potential for rapid and targeted delivery, improving patient outcomes.

BiopharmaWatch Analysis

From our catalyst data and publicly available data · not financial advice
Best trade, last catalyst
+93%
120-day peak, hindsight
Typical move
5.2%
average across 10 past catalysts
Cash runway
~18 mo
Low dilution risk
Lead asset
Technosphere Insulin
Phase 1 · Healthy Volunteers

Full Press Release Details

Patent covers compositions of clofazimine, and methods for treating lung infections
Development of MNKD-101 (inhaled clofazimine) continues for the potential treatment of nontuberculous mycobacterial (NTM) lung disease
DANBURY, Conn., Oct. 30, 2023 (GLOBE NEWSWIRE) -- MannKind Corporation (Nasdaq: MNKD), a company focused on the development and commercialization of inhaled therapeutic products and devices for patients with endocrine and orphan lung diseases, today announced a new patent (No. 11,793,808) issued by the United States Patent and Trademark Office covering clofazimine inhalation suspension (MNKD-101), which is under development for the potential treatment of nontuberculous mycobacterial (NTM) lung disease. The patent will expire on June 8, 2039.
“We believe this patent represents important protection for our lead pipeline asset, MNKD-101, that could potentially improve therapy for a disease that is increasingly on the rise globally,” said Michael Castagna, PharmD, Chief Executive Officer for MannKind Corporation. “Patients living with NTM typically rely on a series of drug treatments that often may be associated with severe side effects. Early data for MNKD-101 is promising as it suggests rapid and targeted delivery of clofazimine deep into the lung has the potential to be better tolerated.”
Pulmonary NTM infection is recognized as a major global health concern due to its rising prevalence worldwide. It is a serious infection that is caused by bacteria common in the environment that can lead to a reduction in lung function, cough, fatigue, and quality of life. It is estimated that approximately 86,000-180,000 people in the U.S. alone are living with NTM lung disease, and it is on the rise growing 8% each year with women, the elderly, and those with underlying lung conditions at greatest risk. MNKD-101 has been designated by the FDA as both an orphan drug and a qualified infectious disease product (QIDP) for the treatment of pulmonary NTM infections.
MannKind Corporation (Nasdaq: MNKD) focuses on the development and commercialization of innovative therapeutic products and devices to address serious unmet medical needs for those living with endocrine and orphan lung diseases.
We are committed to using our formulation capabilities and device engineering prowess to lessen the burden of diseases such as diabetes, pulmonary arterial hypertension (PAH) and nontuberculous mycobacterial (NTM) lung disease. Our signature technologies – dry-powder formulations and inhalation devices – offer rapid and convenient delivery of medicines to the deep lung where they can exert an effect locally or enter the systemic circulation.
With a passionate team of Mannitarians collaborating nationwide, we are on a mission to give people control of their health and the freedom to live life.
Forward-Looking Statements
This press release contains forward-looking statements about the implications of clinical data and the potential safety of an investigational product that involve risks and uncertainties. Words such as “believes”, “anticipates”, “plans”, “expects”, “intends”, “will”, “goal”, “potential” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon MannKind’s current expectations. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the risk that continued testing of an investigational drug product may not yield successful results or results that are consistent with earlier testing, and other risks detailed in MannKind’s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2022 and subsequent periodic reports on Form 10-Q and current reports on Form 8-K. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and MannKind undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
MNKD-101 is an investigational product that is not approved for any use in any country.
MANNKIND is a registered trademark of MannKind Corporation.

Frequently Asked Questions

What disease does MNKD-101 aim to treat?

MNKD-101 is being developed for treating nontuberculous mycobacterial lung disease.

When does the patent for MNKD-101 expire?

The patent for MNKD-101 will expire on June 8, 2039.

Who is developing MNKD-101?

MannKind Corporation is developing MNKD-101 for lung diseases.

What is the significance of MNKD-101's early data?

Early data indicates MNKD-101 may provide rapid and targeted delivery into the lungs.

Is MNKD-101 approved for use?

No, MNKD-101 is an investigational product not approved for any use.

Last updated: Oct 30, 2023