MannKind MNKD +1.7% enters into a secured financing deal under which Deerfield Management...

|About: MannKind Corporation (MNKD)|By:, SA News Editor

MannKind MNKD +1.7% enters into a secured financing deal under which Deerfield Management Company will provide as much as $160M in four tranches dependent upon a variety of factors including milestones related to Afrezza. Some of the notes issued in the deal will be convertible to common stock at a price to be determined by the volume weighted average price of the shares at the time of conversion. (PR)