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MannKind Announces New $350 Million Credit Facility
Date:10/2/2007

in Danbury. We will also be able to continue pipeline expansion activities through this period. As well, we will continue to seek a partner for Technosphere Insulin and will explore other financing options."

"We continue to be impressed with the unique benefits of Technosphere Insulin, which we believe controls prandial glucose excursions better than any other known therapy -- and glucose excursions are becoming recognized by the experts as the major cause of diabetic complications. I so strongly believe in the significance of Technosphere Insulin that I have extended this $350 million commitment to MannKind in addition to the $566 million that I have invested in MannKind as of today. I am proud of what our team is accomplishing and am committed to seeing this through," said Mr. Mann.

About MannKind Corporation

MannKind Corporation (Nasdaq: MNKD) focuses on the discovery, development and commercialization of therapeutic products for patients with diseases such as diabetes and cancer. Its lead product, the Technosphere Insulin System, is currently in Phase 3 clinical trials in the United States, Europe and Latin America to study its safety and efficacy in the treatment of diabetes. For more information on MannKind Corporation and its technology, visit http://www.mannkindcorp.com.

Forward-Looking Statements

This press release contains forward-looking statements, including statements related to MannKind's new loan arrangement, as well as MannKind's clinical trials and product candidates. Words such as "believes", "anticipates", "plans", "expects", "intend", "will", "goal", "potential" and similar expressions are intended to identify forward-l
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SOURCE MannKind Corporation
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