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MannKind Soars after FDA Advisers Back the Company’s Diabetes Treatment Afrezza and Macys Announces New President

Macy's, Inc. (NYSE: M) – shares hit a new all-time high of $60.88 during intra-day trading on Tuesday, a day after the company announced that it has named its former chief merchandising officer, Jeffrey Gennette as the company’s new president. Gennett will take over immediately and has already been serving the company in his former role since 2009. In his new role, he will supervise the company’s marketing and website related operations, apart from being in charge of Macy’s day-to-day merchandising activities. Macy's, Inc., together with its subsidiaries, operates stores and Internet

Mannkind Corp’s Afrezza Diabetes Device Raises Concerns and Idera Pharmaceuticals Announces Positive Phase 2 Trial Results

MannKind Corp. (NASDAQ: MNKD) shares dipped on Friday after a report from FDA staff raised some questions about the company’s diabetes device Afrezza. An FDA committee said it was concerned about certain pharmacology issues that could impact Afrezza’s safety and effectiveness. Concerns included the drug’s potential risks related to bronchospasms and pulmonary function decline in patients with underlying lung disease. The committee also said that available data from studies do not “conclusively support” use in patients with underlying lung disease. The committee issued their report before a

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