MannKind Announces Positive Clinical Data for AFREZZA; Both AFFINITY Phase 3 Studies Meet Primary Endpoints
VALENCIA, Calif.--(BUSINESS WIRE)--Aug. 14, 2013--
MannKind Corporation (Nasdaq:MNKD) today announced that it will
hold a conference call at 4:00 pm (EDT) today to discuss preliminary
results from Study 171 and Study 175, two Phase 3 clinical studies of
AFREZZA® (insulin human [rDNA origin]) Inhalation Powder, an
investigational, ultra rapid-acting mealtime insulin therapy
administered using MannKind’s next-generation (Gen2) inhaler (also known
as the Dreamboat™ inhaler).
Highlights of Study 171
In patients with type 1 diabetes, AFREZZA, compared to insulin aspart,
showed:
-
Non-inferior decreases in A1c levels;
-
Significantly less hypoglycemia;
-
Significant decreases in fasting blood glucose levels; and
-
Significant weight advantage.
In addition, the changes in pulmonary function observed in the
AFREZZA-Gen2 group were no different than those observed in an AFREZZA
treatment group that utilized MannKind’s first-generation (MedTone)
inhaler.
Highlights of Study 175
In patients with type 2 diabetes treated with oral therapy, AFREZZA,
compared to oral therapy alone, showed:
-
Superior reductions in A1c levels;
-
Significantly more patients reached A1c target levels;
-
Reduced postprandial glucose excursions; and
-
No significant difference in the incidence of severe hypoglycemia.
These preliminary results are subject to further analysis. More detailed
preliminary results are included in separate releases that accompany
this announcement.
“We are pleased that both Phase 3 studies met their primary efficacy
endpoints and that Study 171 also achieved its other main objective of
demonstrating comparability between the Gen2 and MedTone inhalers,”
stated Alfred Mann, Chairman and Chief Executive Officer of MannKind
Corporation. “The positive results of Study 171 and Study 175 will form
the basis of an amendment to our new drug application for AFREZZA, which
we expect to submit to the Food and Drug Administration early in the
fourth quarter of this year.”
Conference Call
MannKind will host a conference call to discuss the second quarter
financial results and recent clinical trial results at 4:00 PM (Eastern
Time) on August 14, 2013. Presenting from the Company will be its
Chairman and Chief Executive Officer, Alfred Mann; President and Chief
Operating Officer, Hakan Edstrom; Corporate Vice President and Chief
Financial Officer, Matthew Pfeffer; and Senior Vice President, Clinical
Sciences, Robert Baughman.
To participate in the live call by telephone, please dial (800) 447-0521
or (847) 413-3238 and use the participant passcode: 34087263. Those
interested in listening to the conference call live via the Internet may
do so by visiting the Company's website at http://www.mannkindcorp.com.
A telephone replay of the call will be accessible for approximately 14
days following completion of the call by dialing (888) 843-7419 or (630)
652-3042 and use the participant passcode: 3408 7263#. A replay will
also be available on MannKind's website for 14 days.
About AFREZZA®
AFREZZA® is a novel, ultra rapid-acting mealtime
insulin therapy being developed by MannKind Corporation for the
treatment of adult patients with type 1 or type 2 diabetes for the
control of hyperglycemia. It is a drug-device combination product,
consisting of AFREZZA Inhalation Powder, pre-metered into single-use
cartridges, and a light, discreet and easy-to-use inhaler. Administered
at the start of a meal, AFREZZA dissolves immediately upon inhalation
and delivers insulin quickly to the bloodstream. Peak insulin levels are
achieved within 12 to 14 minutes of administration, effectively
mimicking the release of meal-time insulin observed in healthy
individuals, but which is absent in patients with diabetes.
About MannKind Corporation
MannKind Corporation (Nasdaq: MNKD) focuses on the discovery,
development and commercialization of therapeutic products for patients
with diseases such as diabetes. Its lead product candidate, AFREZZA®,
has completed Phase 3 clinical trials. MannKind maintains a website at www.mannkindcorp.com
to which MannKind regularly posts copies of its press releases as well
as additional information about MannKind. Interested persons can
subscribe on the MannKind website to e-mail alerts that are sent
automatically when MannKind issues press releases, files its reports
with the Securities and Exchange Commission or posts certain other
information to the website.
Forward-Looking Statements
This press release contains forward-looking statements, including
statements related to the results of clinical studies and the timing of
regulatory submissions, that involve risks and uncertainties. Words such
as "believes," "anticipates," "plans," "expects," "intend," "will,"
"goal," "potential" and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are based
upon the Company'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 these risks and uncertainties,
which include, without limitation, difficulties or delays in obtaining
regulatory feedback or completing and analyzing the results of clinical
studies, completion of further statistical analysis of the results of
these studies, whether the data from these two studies will satisfy all
requirements of the Food and Drug Administration and will be sufficient
to support approval of the amended new drug application for AFREZZA, the
timing of regulatory review and decisions, MannKind’s ability to manage
its existing cash resources or raise additional cash resources, stock
price volatility and other risks detailed in MannKind's filings with the
Securities and Exchange Commission, including the Annual Report on Form
10-K for the year ended December 31, 2012 and periodic reports on Form
10-Q and 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.
Source: MannKind Corporation
MannKind Corporation
Matthew Pfeffer
Chief Financial Officer
661-775-5300
mpfeffer@mannkindcorp.com