MannKind (MNKD) -2.5% AH after filing to sell 12M shares (4.1% of outstanding shares) on behalf...

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

MannKind (MNKD) -2.5% AH after filing to sell 12M shares (4.1% of outstanding shares) on behalf of healthcare investment firm Deerfield Management. The filing comes with shares up 213% YTD. Deerfield recently agreed to provide MannKind with $160M in financing via senior notes, some of which are convertible into equity following milestones.