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MannKind To Buy Pfizer’s Frankfurt Insulin Plant

MannKind Corp. has entered an agreement to purchase Pfizer's insulin facility in Frankfurt, Germany and assets related to the production of bulk insulin for $33 million, subject to certain adjustments.

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By: Tim Wright

Editor-in-Chief, Contract Pharma

MannKind Corp. has entered an agreement to purchase Pfizer’s insulin facility in Frankfurt, Germany and assets related to the production of bulk insulin for $33 million, subject to certain adjustments. This includes the relevant property rights, production equipment, a quantity of bulk insulin and a license to manufacture bulk insulin for use in pulmonary delivery. At MannKind’s option, as much as $30 million worth of the company’s common stock may be issued to Pfizer at closin...

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