MannKind's (MNKD -13%) offering of 31.25M units priced at a 2.8% discount to yesterday's closing...

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

MannKind's (MNKD -13%) offering of 31.25M units priced at a 2.8% discount to yesterday's closing price sends shares plunging well below their $2.40 offering price and approaching a 52-week low. Earlier this week, the drug developer disclosed plans for the arrangement, which sees some of its debt cancelled in exchange for the shares.