MNKD MANNKIND CORP

FY2025 10-K
Filed: Feb 26, 2026
Health Care
Pharmaceutical PreparationsSEC EDGAR

MANNKIND CORP (MNKD) filed its fiscal year 2025 10-K annual report with the SEC on Feb 26, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

Business Overview

  • Core business: biopharmaceutical company focused on inhalation drug delivery and proprietary pulmonary technologies
  • New emphasis: multiple amendments (up to seventh) to Commercial Supply Agreement with United Therapeutics Corporation in current year
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Management Discussion & Analysis

  • No revenue or profitability data provided in the overview section
  • Cardiometabolic segment consists of Afrezza, Furoscix, V-Go device with recent acquisition of scPharma in Oct 2025
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Risk Factors

  • Regulatory risk: Inflation Reduction Act of 2022 limited insulin copays to $35/month for Medicare Part D starting 2023, pressuring Afrezza pricing and reimbursement
  • Geopolitical risk: V-Go wholly manufactured in China, exposed to U.S.-China trade tensions and potential tariff changes affecting margins
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