MannKind Updates Status of NDA Submission for AFRESA
VALENCIA, Calif., Feb. 26 /PRNewswire-FirstCall/ -- MannKind Corporation
(Nasdaq: MNKD) today provided an update on the status of its new drug
application ("NDA") for AFRESA®, an ultra rapid-acting insulin that has
completed Phase 3 clinical trials. As previously announced, our internal goal
was to submit the NDA to the Food and Drug Administration ("FDA") by the end
of February. Based on editorial decisions made during the final stages of
preparing the dossier, we have decided to extend the submission date by
approximately three weeks.
The document is fully drafted. However, we decided during our final
review that it would be preferable to remove several tens of thousands of
pages of back-up data from the submission and instead make this material
available to the FDA upon request. This change will significantly reduce the
size of the NDA and should make the NDA more reviewer-friendly.
"Although I am mindful of our goal to submit the NDA as quickly as
possible, it is more important to me that we provide the FDA with a
high-quality submission that can be efficiently reviewed," said Dr. Peter
Richardson, MannKind's Corporate Vice President and Chief Scientific Officer.
"I am not willing to rush the final hyper-linking and quality-checking
activities, especially when these efforts could potentially facilitate the
FDA's review of our new drug application for AFRESA."
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.
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 pipeline includes AFRESA, which has completed
Phase 3 clinical trials, and MKC253, which is currently in Phase 1 clinical
trials. Both of these investigational products are being evaluated for their
safety and efficacy in the treatment of diabetes. MannKind maintains a website
at http://www.mannkindcorp.com to which MannKind regularly posts copies of its
press release as well as additional information about MannKind. Interested
persons can subscribe on the MannKind website to email alerts that are sent
automatically when MannKind issues press releases, files its reports with the
SEC or posts certain other information to the website.
Forward-Looking Statements
This press release contains forward-looking statements, including
statements related to the timing for the submission of a new drug application.
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
MannKind's current expectations and involve risks and uncertainties. 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 related to the
progress, timing and results of clinical trials, difficulties or delays in
seeking or obtaining regulatory approval, MannKind's ability to enter into any
collaborations or strategic partnerships, MannKind's ability to raise
additional financing 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, 2007 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 news release.
SOURCE MannKind Corporation
CONTACT:
Matthew Pfeffer,
Chief Financial Officer
of MannKind
Corporation,
+1-661-775-5300,
mpfeffer@mannkindcorp.com
Web Site: http://www.mannkindcorp.com