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

March 31,

2008 2007

Sales, net $ - $423

Royalties 25 35

License income - 500

Other expanded access program income 2,292 702

Total revenues 2,317 1,660

Operating expenses:

Cost of goods sold - 576

Research and development 5,241 6,105

Selling, general and administrative 1,482 5,382

Realized loss on investments 392 -

Total expenses 7,115 12,063

Operating loss (4,798) (10,403)

Interest income 279 301

Interest expense (354) (151)

Net loss $(4,873) $(10,253)

Basic and diluted net loss per share $(0.04) $(0.10)

Shares used in computing basic and diluted

net loss per share 121,904 101,328

INSMED INCORPORATED

Consolidated Statements of Cash Flows

(in thousands - unaudited)

Three Months Ended

March 31,

2008 2007

Operating activities

Net loss $(4,873) $(10,253)


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SOURCE Insmed Inc.
Copyright©2008 PR Newswire.
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