MannKind Corporation Reports Third Quarter Financi...(- (1511) Interest expense ...),Health

Interest expense

on senior

convertible

notes (124) (778) (585) (2,824) (4,215)

Interest income 715 3,238 4,858 12,779 36,590

Loss before

provision for

income taxes (68,496) (73,047) (219,744) (218,177) (1,300,759)

Income taxes - - - - (24)

Net loss (68,496) (73,047) (219,744) (218,177) (1,300,783)

Deemed dividend

related

to beneficial

conversion

feature of

convertible

preferred stock - - - - (22,260)

Accretion on

redeemable

preferred stock - - - - (952)

Net loss

applicable to

common

stockholders $(68,496) $(73,047) $(219,744) $(218,177) $(1,323,995)

Net loss per

share

applicable to

common

stockholders -

basic and

diluted $(0.67) $(0.99) $(2.17) $(2.97)

Shares used to

compute

basic and

diluted net

loss per share

applicable

to common

stockholders 101,647 73,520 101,495 73,444

MANNKIND CORPORATION

(A Development Stage Company)

CONDENSED BALANCE SHEETS

(Unaudited)

(In thousands except share data)

September 30, December 31,

2008 2007

ASSETS

Current assets:

Cash and cash equivalents $31,582 $368,285

Marketable securities 63,651 -

State research and developme
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