More foolishness from the fools:

Finally, MannKind's massively dilutive offering, which I alluded to back in early October, finally came to fruition, with a twist. MannKind's outstanding share count did increase by 200 million to 550 million; however, 40 million shares were sold to the Mann Group, which is controlled by MannKind's CEO, Alfred Mann. In short, MannKind's CEO purchased $107 million more worth of MannKind's stock. If that's not an indication of commitment by a CEO, I'm not sure what is. Investors will definitely be glad to see this development, as history isn't on their side. MannKind's lead drug, an inhalable insulin to treat type 1 and type 2 diabetes, known as Afreeza, is going up against figures that show the FDA has never approved an inhalable form of insulin therapy. Needless to say, 2013 should be a make-or-break year for MannKind.

Is 2013 the year MannKind turns it around?
Still down around 90% from its highs less than a decade ago, there's been no giant leap for MannKind shareholders. The debate rages over whether the company's revolutionary inhalable insulin, slated to go in front of the FDA next year, will be a complete flop or a massive blockbuster success. In this brand-new premium report on MannKind, we outline every key topic investors have to know with this risky stock. It also comes with a full year of analyst updates to keep you covered as key news develops, so don't miss out -- simply click here now to claim your copy today.

http://www.wtop.com/247/3175466/This-Week-in-Biotech