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Insmed Announces First Quarter 2008 Financial Results
Date:5/8/2008

> Accrued project costs & other 515 503

Payroll liabilities 799 631

Interest payable 20 23

Deferred rent 115 115

Deferred income 271 245

Convertible debt 2,211 2,211

Debt discount (865) (950)

Net convertible debt 1,346 1,261

Total current liabilities 3,870 3,682

Long-term liabilities:

Convertible debt 2,211 2,764

Debt discount (476) (651)

Net long-term convertible debt 1,735 2,113

Asset retirement obligation 2,217 2,217

Total liabilities 7,822 8,012

Stockholders' equity:

Common stock; $.01 par value; authorized

shares 500,000,000; issued and outstanding

shares, 121,904,312 1,219 1,219

Additional paid-in capital 341,403 341,270

Accumulated deficit (335,632) (330,759)

Accumulated other comprehensive loss:

Unrealized loss on investment - (242)

Net stockholders' equity 6,990 11,488

Total liabilities and stockholders' equity $14,812 $19,500

INSMED INCORPORATED

Consolidated Statements of Operations

(in thousands, except per share data - unaudited)

Three Months Ended


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SOURCE Insmed Inc.
Copyright©2008 PR Newswire.
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