MannKind (NASDAQ:MNKD) faces an advisory committee meeting on Tuesday that will make a recommendation about whether the FDA should approve its inhaled insulin drug Afrezza.
But investors will get a sneak peek of what the FDA is thinking when the agency releases documents for the committee on Friday. Since the FDA has the final say -- it occasionally goes against the panel's recommendation -- the documents could be a big clue as to whether Afrezza is approved.
If Afrezza is approved, MannKind will face more catalysts, including signing a marketing partner to sell the drug and how well the launch proceeds.
Afrezza will compete with rapid-acting, injected insulins from Eli Lilly (NYSE:LLY) and Novo Nordisk (NYSE:NVO). The inhaled version is arguably a better drug because it's both more convenient and causes fewer incidences of low blood sugar levels, but MannKind and its market partner (if it managed to find one) face an uphill battle to lure patients away from Eli Lilly's Humalog and Novo Nordisk's Novolog, which doctors have prescribed for years.
Watch the video below for more thought on the upcoming catalyst from Fool contributor Brian Orelli and health-care bureau chief Max Macaluso.
MannKind might have a great 2014, but our Chief Investment Officer likes this company
There's a huge difference between a good stock and a stock that can make you rich. The Motley Fool's chief investment officer has selected his No. 1 stock for 2014, and it's one of those stocks that could make you rich. You can find out which stock it is in the special free report "The Motley Fool's Top Stock for 2014." Just click here to access the report and find out the name of this under-the-radar company.
Brian Orelli, Max Macaluso, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.