NEW YORK, NY / ACCESSWIRE / October 12, 2017 / MannKind and bluebird bio both dipped into red territory on Wednesday. Despite no negative news from bluebird, shares still sank nearly 5%. Shares of Mannkind, however, had a bigger loss, pulling back roughly 18% after rallying the day before when an analyst gave the stock a "buy" rating and a $7 price target. Shares of Mannkind have rallied 168% in the last month.

RDI Initiates Coverage on:

MannKind Corporation
https://rdinvesting.com/news/?ticker=MNKD

bluebird bio, Inc.
https://rdinvesting.com/news/?ticker=BLUE

MannKind Corporation's shares tanked in Wednesday trading, closing the day down 18.48%. It was only on Tuesday that the stock rallied after it was revealed that H.C. Wainwright raised its 12-month price target for the stock to $12. Analyst Oren Livnat of the firm gave the stock a "buy" rating and a $7 price target. The analyst noted, "We believe Afrezza inhaled insulin is a clearly differentiated meal-time insulin therapy vs. injectable market leaders Novolog and Humalog, which combine for $3.5B in the U.S. Besides the apparent advantages of a more convenient and less stigmatizing puff on an inhaler at meal-time vs. injections, the even greater value of Afrezza is its inherent "faster in, faster out" pharmacodynamics (PD), which more closely mimic endogenous insulin in healthy people. Faster in and out means that it should better control glucose at meal-time and lower risk of delayed hypoglycemia, which is the biggest risk of insulin therapy." The company also recently raised approximately $57.7 million net of expenses by selling 10,166,600 shares of common stock at $6 per share. Yesterday's losses were a pullback from the day's earlier gains.

Access RDI's MannKind Corporation Research Report at:
https://rdinvesting.com/news/?ticker=MNKD

bluebird bio, Inc.'s shares closed down 4.71% on a little over one million shares traded yesterday. Though the company didn't have any significant news yesterday, it recently announced interim data from an initial cohort of 17 patients in the ongoing Phase 2/3 Starbeam Study (ALD-102) evaluating Lenti-D? investigational gene therapy in boys with cerebral adrenoleukodystrophy (CALD). The data was published in the New England Journal of Medicine (NEJM). The company's chief scientific officer David A. Williams, M.D., who is also the senior vice president for research at Boston Children's Hospital and the President of Dana-Farber/Boston Children's Cancer and Blood Disorders Center, commented, "I have seen firsthand the devastation that CALD can inflict on these young boys and their families. However, when cerebral disease is detected early, it is possible to slow or stop the progression of a disease. Currently, allogeneic hematopoietic stem cell transplant is the only available therapy ? but one that presents challenges for patients without a matched sibling donor. These data suggest that Lenti-D may also be a viable option for patients, and one that, being autologous, could potentially overcome some of the challenges associated with allogeneic stem cell transplantation. The results of this study represent the continued development of effective gene therapy approaches to human disease treatments."

Access RDI's bluebird bio, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=BLUE

Our Actionable Research on MannKind Corporation (NASDAQ: MNKD) and bluebird bio, Inc. (NASDAQ: BLUE) be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com