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Insmed Announces First Quarter 2008 Financial Results

speak only as of the date of this release. We undertake no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances that occur after the date of this release or to reflect the occurrence of unanticipated events.

Investor Relations Contact:

Brian Ritchie - FD


Corporate Communications Contact:

John Procter - Gibraltar Associates



Consolidated Balance Sheets

(in thousands, except share and per share data)


March 31, December 31,

2008 2007


Current assets:

Cash, cash equivalents and short-term

investments $12,030 $16,479

Accounts receivable, net 327 250

Prepaid expenses 110 244

Total current assets 12,467 16,973

Long-term assets:

Restricted cash - long term 2,095 2,095

Investments 108 258

Deferred financing costs, net 142 170

Property and equipment, net - 4

Total long-term assets 2,345 2,527

Total assets $14,812 $19,500

Liabilities and stockholders' equity

Current liabilities:

Accounts payable $804 $904

SOURCE Insmed Inc.
Copyright©2008 PR Newswire.
All rights reserved

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