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Insmed Announces Fourth Quarter and Full-Year 2007 Financial Results
Date:3/4/2008

5

Stock options issued for services 38 79

Impairment of property, plant and equipment 5,020

Changes in operating assets and liabilities:

Accounts receivable (9) (241)

Inventory 576 (576)

Other assets (157) (4)

Accounts payable (6,282) 6,219

Accrued project costs (612) (875)

Payroll liabilities (671) (272)

Deferred rent 61 (232)

Deferred income 245

Asset retirement obligation 591 592

Interest payable - (29)

Net cash used in operating activities (25,255) (42,204)

Investing activities

Increases (Decreases) of short-term

investments 9,066 (12,191)

Purchases of investments (500) -

Purchases of property, plant and equipment - (5,020)

Net cash provided by (used in) investing

activities 8,566 (17,211)

Financing activities

Proceeds from issuance of common stock

Proceeds from issuance of convertible debt with

detachable stock warrants - -

Public offering 18,230 43,240

Issuance costs (1,266) (421)

Warrants converted into shares - 9,069

Other
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SOURCE Insmed Inc.
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