Pharma BD Deal Intelligence

Sanofi SA / MannKind Corporation

2014 · Licensing/Option · $925M · Terminated

Outcome grade pending — assessed 5 years post-close.

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The coverage arc

Aug 11, 2014 FierceBiotech Neutral

FierceBiotech's contemporaneous take: the modest $150M upfront 'indicated a lack of interest among the big players,' and Afrezza faced 'heavy skepticism'…

Aug 13, 2014 24/7 Wall St. Bearish

Market feared "MannKind isn't getting enough in the deal when you consider how long and costly the saga of getting Afrezza approved was," plus "a fear that…

Jan 05, 2016 STAT (Pharmalot) Bearish

STAT framed the termination as confirmation that inhaled insulin remained commercially unviable, with Piper Jaffray's Joshua Schimmer arguing MannKind was…

Source summaries from our enrichment pipeline; follow links for originals.

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Sanofi licensed worldwide rights to MannKind's Afrezza inhaled insulin for $150M upfront plus up to $775M in regulatory and sales milestones with profit share. Strategically high-profile but ultimately unsuccessful—Sanofi terminated the alliance in January 2016 amid weak launch performance.

Key facts

Related deals — scored

DealYearValueOutcome
Sanofi SA / MannKind Corporation (this deal)2014$925M
Sanofi SA / Regeneron Pharmaceuticals, Inc.2007$1.0B97
Sanofi SA / Synthelabo S.A.1998$11.0B84
Sanofi SA / Genzyme Corporation2011$20.1B84
Sanofi SA / Amunix Pharmaceuticals Inc.2021$1.2B76
Sanofi SA / Genzyme Corporation2010$18.5B75
Sanofi SA / Translate Bio Inc.2018$805M73

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