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MannKind upgraded by RBC, Tyvaso DPI royalties cited (MNKD:NASDAQ)

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RBC has upgraded MannKind (NASDAQ:MNKD) to outperform from sector perform, citing the company’s Tyvaso DPI royalty revenue opportunity and orphan lung pipeline.

The investment bank estimates the company could get up to $200M per year in royalties for idiopathic pulmonary fibrosis

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