MannKind has dip in profit, flat sales
VALENCIA, Calif. A drug company focused on developing drugs for diabetes and cancer reported a reduction in operating, research and development and general and administrative expenses of more than $32 million in its first quarter 2009 financial results Monday.
MannKind Corp. said the decrease in research and development expenses, by $15.6 million, was primarily due to decreased costs associated with the clinical development of the fast-acting insulin Afresa.
Cash, cash equivalents and marketable securities were $30.2 million as of March 31, compared with $46.5 million on Dec. 31 and $269.1 million on March 31, 2008.
“This past quarter was extremely busy for MannKind, culminating in our submission to the FDA of a new drug application for Afresa.” chairman and CEO Alfred Mann said in a statement. “With this milestone accomplished, we are now turning our attention to commercial readiness activities.”
Swine flu case count climbs to 141 across 19 states
ATLANTA According to the figures released Friday morning by the Centers for Disease Control and Prevention, the number of domestic swine flu cases now total 141 across 19 states, up from 109 cases across 11 states reported Thursday.
The state tally now includes Arizona (4), California (13), Colorado (2), Deleware (4), Illinois (3), Indiana (3), Kansas (2), Kentucky (1), Massachusetts (2), Michigan (2), Minnesota (1), Nebraska (1), Nevada (1), New Jersey (5), New York (50), Ohio (1), South Carolina (16), Texas (28) and Virginia (2). The only death reported so far has come out of Texas.
As of early this morning, the World Health Organization reported 331 confirmed swine flu cases internationally, though those numbers do not yet reflect CDC’s latest update. Mexico has reported 156 confirmed human cases of infection, including nine deaths.
The following countries have reported laboratory confirmed cases with no deaths — Austria (1), Canada (34), Germany (3), Israel (2), Netherlands (1), New Zealand (3), Spain (13), Switzerland (1) and the United Kingdom (8).
Sabre: Travelers may not be alarmed by swine flu outbreak
SOUTHLAKE, Texas Business and leisure travelers are continuing to travel despite growing attention surrounding the H1N1 virus (swine flu), indicating that travelers are not reacting with as much alarm as media reports may indicate, Sabre Holdings stated Friday.
Travel volumes recorded at Sabre Holdings show that aside from the decline in travel to Mexico, business and leisure travel within the United States and to other parts of the world is currently holding steady, reflecting the same pragmatic perspective among travelers that President Barack Obama offered in his news conference on Wednesday.
Travel agencies show similar findings with their clients.
“The vast majority of our clients remain on the road,” stated Jane Batio, president of CorpTrav, a Chicago-based travel management company with more than $180 million in annual air bookings. “We’ve only cancelled six trips across our entire client base in the past week, and future bookings remain in sync with rebounding trends we’ve seen across the past two months.”