VALENCIA, Calif., July 12, 2017 (GLOBE NEWSWIRE) -- MannKind Corporation (NASDAQ:MNKD)
(TASE:MNKD) today announced that Patrick McCauley, J.D., M.B.A., has joined the company as its Chief Commercial Officer with full
responsibilities for leading MannKind’s commercial operations on a global basis, effective immediately. Mr. McCauley will report
directly to Michael Castagna, Pharm.D., Chief Executive Officer and will serve on the company’s executive leadership team. Mr.
McCauley takes the Chief Commercial Officer role previously held by Dr. Castagna.
Mr. McCauley joins MannKind with over 25 years of experience in the biopharmaceutical industry. He has spent the
last twelve years at Astellas Pharma in a series of senior sales and compliance leadership roles of increasing responsibility.
Prior to Astellas, Mr. McCauley was a member of the U.S. commercialization team and held a sales leadership role with Yamanouchi
Pharma before the merger of Yamanouchi and Fujisawa Pharma to create Astellas in 2005. Before Astellas/Yamanouchi, Mr. McCauley
spent thirteen years with DuPont Pharmaceuticals and one year with Bristol-Myers Squibb, which acquired DuPont Pharmaceuticals in
2001. At DuPont and Bristol-Myers Squibb, Mr. McCauley held a series of leadership roles across the sales, contracting and pricing,
and clinical areas. Throughout his various career moves, Mr. McCauley has developed deep commercial expertise serving both
specialty and primary care healthcare providers. He received a MBA degree from the Kellogg School of Management at Northwestern
University, a JD from the South Texas College of Law, and a BA in Economics from the University of Notre Dame.
“Pat is an exceptional addition to our executive leadership team and he will be a huge asset for us as we
transform MannKind into a world class company,” said Dr. Castagna, Chief Executive Officer of MannKind. “I expect Pat will help us
to accelerate the growth of Afrezza and pipeline products to come, and position our company to deliver strong results in the years
ahead.”
Mr. McCauley commented, “MannKind’s future is undoubtedly bright and I am thrilled to be a part of the company.
Afrezza is an innovative product with the attributes that I believe can provide benefits to patients battling diabetes in this
unfortunately large area of unmet medical need.”
About MannKind Corporation
MannKind Corporation (NASDAQ:MNKD) (TASE:MNKD) focuses on the discovery and development of therapeutic products for patients with
diseases such as diabetes. MannKind maintains a website at http://www.mannkindcorp.com to which MannKind regularly posts copies of its press releases as
well as additional information about MannKind. Interested persons can subscribe on the MannKind website to e-mail alerts that are
sent automatically when MannKind issues press releases, files its reports with the Securities and Exchange Commission or posts
certain other information to the website.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the
commercial potential of Afrezza. Words such as “believes”, “anticipates”, “plans”, “expects”, “intend”, “will”, “goal",
“potential” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are
based upon the MannKind’s current expectations. Actual results and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, the
risks detailed in MannKind’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the
year ended December 31, 2016 and subsequent periodic reports on Form 10-Q and current reports on Form 8-K. You are cautioned
not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this cautionary statement, and MannKind undertakes no obligation to
revise or update any forward-looking statements to reflect events or circumstances after the date of this press
release.
Company Contact: Rose Alinaya Acting Chief Financial Officer 661-775-5300 ralinaya@mannkindcorp.com
