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    MannKind (MNKD): Evaluating Valuation After FDA Acceptance of the FUROSCIX ReadyFlow Autoinjector sNDA

    Simply Wall St·12/15/2025 03:21:48
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    FDA acceptance of ReadyFlow Autoinjector sNDA puts MannKind in focus

    MannKind (MNKD) just got a meaningful catalyst: the FDA accepted its supplemental new drug application for the FUROSCIX ReadyFlow Autoinjector, setting a July 26, 2026 action date that investors will now anchor on.

    See our latest analysis for MannKind.

    The ReadyFlow sNDA news has added a clear spark to sentiment, with a 1 month share price return of 17.39 percent lifting MannKind to 5.94 dollars even though year to date share price return remains negative and longer term total shareholder returns point to steadier, more patient gains.

    If this kind of pipeline driven rerating appeals to you, it is worth scanning other specialist names in healthcare stocks to see where similar momentum or underappreciated turnarounds might be taking shape.

    With shares still trading at a steep discount to analyst and intrinsic value estimates despite accelerating revenue and profit growth, investors now face a key question: is MannKind an overlooked opportunity or is the market already factoring in ReadyFlow driven upside?

    Most Popular Narrative: 36.7% Undervalued

    With MannKind closing at 5.94 dollars, the most followed narrative pegs fair value meaningfully higher, framing the ReadyFlow catalyst within a broader earnings story.

    In order for the above numbers to justify the analysts price target, the company would need to trade at a PE ratio of 68.6x on those 2028 earnings, up from 51.5x today. This future PE is greater than the current PE for the US Biotechs industry at 15.3x.

    Read the complete narrative.

    Curious what kind of revenue ramp, margin lift, and earnings trajectory could support that kind of premium multiple for a niche inhaled-therapy platform? The narrative lays out a detailed roadmap of accelerating top line growth, expanding profitability, and shifting capital structure that underpins its fair value view. Want to see exactly how those moving parts combine into the upside case, and where the biggest swing assumptions sit? Dive in and unpack the full framework behind this valuation call.

    Result: Fair Value of $9.39 (UNDERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, lingering concerns about Afrezza uptake and MannKind’s reliance on a concentrated portfolio could quickly challenge this upside narrative if execution disappoints.

    Find out about the key risks to this MannKind narrative.

    Build Your Own MannKind Narrative

    If you see the story differently or prefer to dig into the numbers yourself, you can build a personalized view in just minutes using Do it your way.

    A great starting point for your MannKind research is our analysis highlighting 4 key rewards and 3 important warning signs that could impact your investment decision.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.