Why MannKind Shares Are Soaring Again Today
Shares of MannKind Corporation (NASDAQ: MNKD) were soaring 16.7% higher as of 11:13 a.m. EDT on Wednesday. This marked the second day of double-digit-percentage gains this week following the company's presentation of new positive data from clinical studies for Afrezza at the American Diabetes Association's 80th Scientific Sessions conference.
To be sure, MannKind's ADA presentations were good news. The more data the company gathers on Afrezza, the more attractive the inhaled insulin product looks for physicians and patients. It's not all that surprising that the momentum for the biotech stock would extend over multiple days.
Image source: MannKind Corporation.
Source Fool.com