MannKind Announces Positive New Market Survey Information Regarding AFRESA(R)
VALENCIA, Calif.--(BUSINESS WIRE)--Jul. 14, 2009--
MannKind Corporation (Nasdaq: MNKD) today released new
information related to the market potential for AFRESA, MannKind’s ultra
rapid-acting insulin.
In a market survey conducted in May 2009 involving 101 endocrinologists
and 102 primary care physicians (all based in the United States) and
utilizing MannKind’s next generation inhaler, physicians expressed a
preference for AFRESA for approximately 25% of both type 1 and type 2
patients that would qualify for use of AFRESA. Endocrinologists surveyed
indicated a higher preference share for their type 2 patients
(approximately 26%) than their type 1 patients (approximately 19%).
Primary care physicians surveyed indicated a nearly equal preference
share for their type 1 patients (approximately 26%) and type 2 patients
(approximately 25%).
Alfred Mann, Chairman and Chief Executive Officer of MannKind,
commented, “We are pleased with this latest survey conducted by a
leading market research firm. While preference share does not translate
directly into market share, this latest survey helps us to gauge
physician intent in prescribing AFRESA in their clinical practices.”
Dr. Peter Richardson, Corporate Vice President and Chief Scientific
Officer, commented, “We believe that these results are a strong show of
support for our next generation inhaler, which is not only smaller and
easier to use, but also requires lower airflow, provides better
cartridge emptying with one inhalation and requires less powder to
deliver the same plasma insulin.”
About AFRESA®
AFRESA is an ultra rapid-acting insulin product that has completed Phase
3 trials. The pharmacokinetic profile of AFRESA sets it apart from all
other insulin products. The large surface area of the lung provides
unique access to the circulatory system. The pH-sensitive AFRESA
particles immediately dissolve upon contact with the lung surface,
releasing insulin monomers that rapidly enter the bloodstream. It
achieves peak insulin levels within 12-14 minutes of administration,
effectively mimicking the release of meal-time insulin observed in
healthy individuals, but which is absent from patients with diabetes.
AFRESA is also the trade name for the product that MannKind has proposed
to the FDA.
About MannKind Corporation
MannKind Corporation (Nasdaq: MNKD) focuses on the discovery,
development and commercialization of therapeutic products for patients
with diseases such as diabetes and cancer. Its diabetes pipeline
includes AFRESA® and MKC253. MannKind has submitted an NDA to the FDA
requesting approval of AFRESA for the treatment of adults with type 1 or
type 2 diabetes for the control of hyperglycemia. MKC253 is currently in
phase 1 clinical trials. MannKind maintains a website at http://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 market opportunities for MannKind's product
candidates, 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, risks inherent in the generation and
interpretation of market research, the progress, timing and results of
clinical trials, difficulties or delays in seeking or obtaining
regulatory approval, the manufacture of AFRESA, competition from other
pharmaceutical or biotechnology companies, MannKind's ability to enter
into any collaborations or strategic partnerships, intellectual property
matters, 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, 2008 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