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NAPSR News: Sanofi Acquires Rights to MannKind’s AFREZZA® (Inhaled Insulin)

Industry leader Sanofi and MannKind Corp have agreed to a enter into a global licensing agreement to develop and market AFREZZA® (Insulin human) rapid- acting inhaled insulin.

 
PRLog - Aug. 12, 2014 - WASHINGTON, D.C. -- Sanofi has entered into an exclusive licensing agreement with MannKind Corp to develop and commercialize AFREZZA® Inhalation powder. This groundbreaking treatment for Type 1 and Type 2 diabetes, approved by the FDA in June is administered as an inhalation powder thus improving the glycemic index or controlling blood sugar levels in adult patients.

Alfred Mann, MannKind's Chairman and Chief Executive Officer  stated, "We are so very pleased and honored that Sanofi has joined with MannKind to bring Afrezza to patients with diabetes worldwide," "Sanofi is the ideal partner given their complementary product portfolio, their vast insulin market presence and a leading global commercial infrastructure. Our profit-sharing agreement aligns the interests of MannKind and Sanofi to optimize development, commercialization and manufacturing costs."

Sanofi will assume all global commercialization regulatory and development activities. Mannkind will still continue to manufacture AFREZZA® at its manufacturing facility in Danbury, Connecticut according to a separate supply agreement. Expansion of manufacturing facilities will be accommodated to meet global demand as necessary.

Mannkind will receive an upfront payment of $150 million. The company will also receive potential milestone payments of up to $775 million based on specific regulatory and developmental goals including sales thresholds.  Sanofi will retain 65% of all profits or losses whereas Mannkind will receive 35%. Sanofi has decided to advance to MannKind its share of the collaboration's expenses up to of $175 million.

Pierre Chancel, Sanofi Senior Vice President Diabetes Division added,  "Afrezza is a further addition to our growing portfolio of integrated diabetes solutions. It is uniquely positioned to provide patients with another insulin therapy option to manage their diabetes but does not require multiple daily injections."

Afrezza’s revolutionary insulin therapy administration will be an innovative addition to Sanofi’s diabetes product pipeline.  The expected launch date in the United States will happen in the first quarter of 2015.

The closing of the transactions in pending customary Hart-Scott-Rodino approval and completion of financing documentation.

CANDIDATES WHO WANT TO BREAK INTO PHARMACEUTICAL SALES!
The CNPR is a federally trademarked certification you can earn by demonstrating the necessary knowledge in pharmacology, medical terminology, physiology, and regulations for selling pharmaceuticals. The CNPR examination is dedicated to increasing the professional level of NAPSR members and to developing meaningful and ethical standards fully accepted by both its members and members of the pharmaceutical community.

The CNPR® Program represents a level of industry achievement and a demonstrated knowledge of pharmacology, medical terminology, pharmaceutical selling guidelines, physician selling techniques and industry standards. Pharmaceutical sales candidates who have this training will differentiate themselves from other individuals looking for open positions. Upon successful completion of the training each student will receive the Certification Mark of the CNPR®. CNPR® graduates should immediately utilize the NAPSRx® Career Center to apply for pharmaceutical sales positions.

Individuals that are interested in becoming a Certified National Pharmaceutical Representative (CNPR) can contact the National Association of Pharmaceutical Sales Representatives(NAPSRx) for more information.

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NAPSRx
1-800-284-1060
***@napsronline.org

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Source:NAPSRx
Location:Washington - District of Columbia - United States
Industry:Marketing, Medical
Tags:napsr, cnpr certification, naprx, pharmaceutical sales training, Education
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