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

NCORPORATED

Consolidated Balance Sheets

(in thousands, except share and per share data)

December 31, December 31,

2007 2006

Assets

Current assets:

Cash, cash equivalents and short-term

investments $ 16,479 $ 24,112

Short-term investments - -

Restricted cash - 407

Accounts receivable, net 250 241

Inventories - 576

Prepaid expenses 244 87

Total current assets 16,973 25,423

Long-term assets:

Restricted cash - long term 2,095 2,708

Investments 258 -

Deferred financing costs, net 170 209

Property and equipment, net 4 8

Total long-term assets 2,527 2,925

Total assets $ 19,500 $ 28,348

Liabilities and stockholders' equity

Current liabilities:

Accounts payable $ 904 $ 7,187

Accrued project costs & other 503 1,115

Payroll liabilities 631 1,302

Interest payable 23 23

Deferred rent 115 54

Deferred income 245 -

Convertible debt 2,211 -

Debt discount
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SOURCE Insmed Inc.
Copyright©2008 PR Newswire.
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