Do MannKind Corporation(NASDAQ:MNKD), Regado Biosciences Inc(NASDAQ:RGDO), and Sangamo Biosciences, Inc.(NASDAQ:SGMO) Have Strong Long-Term Outlooks?
New York, NY – GDP INSIDER – 10/06/2014.
This article discusses three biopharamceutical companies: MannKind Corporation, Regado Biosciences, and Sangamo Biosciences.
MannKind Corporation(NASDAQ:MNKD) is a California-based biopharmaceutical company that develops and commercializes therapeutic products for the treatment of diabetes and cancer. The company announced Oct. 3rd that it had received a $150 million upfront payment from Sanofi for the development and commercialization of the Afreezza(R) Inhalation Powder, an insulin therapy that would be used to treat adults with both type 1 and type 2 diabetes. The company is currently situated $1.72 above and $5.96 below its 52 week low and high of $3.80 and $11.48, respectively.
On Sept. 24th, Regado Biosciences Inc(NASDAQ:RGDO) announced that it would be reducing its workforce by 60%, a percentage that equals twenty employees across all of the company’s operational sites. The New Jersey-based company determined that the reduction will result in restructuring charges totaling around $2 million. The company’s workforce reduction, in conjunction with the end of the enrollment process for its phase III study of REGULATE-PCI, should result in decreased expenditures for the company.
The California-based Sangamo Biosciences, Inc.(NASDAQ:SGMO) is a clinical stage biopharmaceutical company that researches and develops zinc finger DNA-binding proteins for gene regulation and gene modification. The company currently has a bid price of $10.41 x 200 and an offer price of $11.88 x 500, a liquid combination for Sangamo Biosciences. The company anticipates that it will be submit an investigation new drug application for the treatment of hemophilia B in the second quarter of 2015.
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