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Mannkind Soars 20.04% on $360M Acquisition of scPharmaceuticals
Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Sep 2, 2025 7:17 am ET1min read
Aime SummaryMannkind's stock surged 20.04% in pre-market trading on September 2, 2025, driven by significant developments in the company's strategic acquisitions and market positioning.
Mannkind Corporation has announced its intention to acquire
for approximately $360 million. This acquisition is aimed at expanding Mannkind's cardiometabolic business, which is expected to accelerate revenue growth and solidify the company's position as a leader in cardiometabolic and lung diseases.The acquisition of scPharmaceuticals is part of Mannkind's broader strategy to enhance its portfolio and drive long-term growth. The deal includes a cash payment of $5.35 per share, representing a 31% premium over the previous Friday's closing price. This move is seen as a strategic investment to bolster Mannkind's market presence and financial performance.
Leerink Partners has reiterated a Buy rating on
, maintaining a price target of $7. This positive outlook is supported by the company's recent acquisitions and its potential for revenue growth. The consensus rating for remains a Buy, with no hold or sell ratings, reflecting the market's confidence in the company's future prospects.
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