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MannKind to raise $61M in direct offering

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MannKind to raise $61M in direct offering

MannKind Corp. is selling 10,166,600 shares at $6 apiece to raise about $61 million in gross proceeds for general corporate purposes.

The offering is expected to close by Oct. 13, subject to customary closing conditions.

H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.