Topics

Pharmaceutical Industry
Mann steps down as CEO of inhaled insulin maker MannKind Corp.
Mann steps down as CEO of inhaled insulin maker MannKind Corp.

Alfred Mann, the billionaire entrepreneur and inventor behind several successful medical device companies, is stepping down as chief executive of MannKind Corp., a Valencia maker of inhaled insulin. Mann, 89, the founder and chief financial backer of MannKind, intends to continue working as the company's executive chairman. He said in a news release that "the timing is right for me to step back from CEO." Mann will be replaced by Hakan Edstrom, the company's president and a board member since 2001, MannKind said Monday in a news release. "I am extremely proud of all that has come to fruition at MannKind," Mann said. "Together with my colleagues, we...

Loading