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MannKind 1Q Loss Shrinks With Falling Expenses

Stock quotes in this article: MNKD  

VALENCIA, Calif. (AP) — Biotechnology company MannKind Corp. said on Monday it posted a smaller loss in the first quarter as expenses fell.

The company said it lost $59.4 million, or 58 cents per share, for the quarter that ended March 31, an improvement from its loss of $71.4 million, or 70 cents per share, for the same period last year. It reported no revenue for the quarter, versus $20,000 in revenue a year ago.

Analysts surveyed by Thomson Reuters were expecting a loss of 66 cents per share, with no revenue. ...

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