Health and Healthcare
MannKind Jumps After Amazon Prime Takes on One Drop
Published:
Last Updated:
MannKind Corp. (NASDAQ: MNKD) saw its shares make a massive gain on Monday after it was announced that its One Drop|Chrome is now available on Amazon Prime. Overall this is huge because the diabetes testing system is now being listed on perhaps the world’s largest online marketplace.
Last week MannKind announced a collaboration with One Drop to extend One Drop’s subscription service and digital health platform, by adding Afrezza as a rapid-acting insulin offering.
One Drop combines advanced diabetes technology with well-designed supplies to match modern lifestyle. The testing system ensures clinically proven accurate, reliable results in seconds. The meter then wirelessly transmits that blood glucose data via Bluetooth to the mobile app on the user’s iOS or Android device or Apple Watch.
One Drop incorporates proprietary technology with clinically proven accuracy, meeting all U.S. Food and Drug Administration (FDA) requirements. Testing in both clinical and laboratory settings has confirmed that 99% of blood glucose measurements taken with One Drop fall within 20% of lab results, and 95% of blood glucose measurements taken with One Drop fall within 15% of lab results.
Excluding Monday’s move, shares outperformed the broad markets with the stock up about 25% year to date. Over the past 52 weeks, the stock is actually down 39%.
Shares of MannKind were last trading up 29% at $1.03, with a consensus analyst price target of $0.54 and a 52-week trading range of $0.41 to $2.38.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
