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Achieves manufacturing milestone for Afrezza
January 8, 2015
By: Kristin Brooks
MannKind Corp. has earned a $50 million milestone payment under its collaboration and licensing agreement with Sanofi in connection with the satisfaction of manufacturing milestones for Afrezza. MannKind had received a $150 million upfront payment and is eligible to earn as much as $725 million in further development, regulatory and sales milestones, and is also eligible to receive a share of profits on Afrezza sales.
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