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

(950) -

Net convertible debt 1,261 -

Total current liabilities 3,682 9,681

Long-term liabilities:

Convertible debt 2,764 5,125

Debt discount (651) (1,964)

Net long-term convertible debt 2,113 3,161

Asset retirement obligation 2,217 1,626

Total liabilities 8,012 14,468

Stockholders' equity:

Common stock; $.01 par value;

authorized shares

500,000,000; issued and outstanding

shares, 121,904,312 in 2007 and

101,328,118 in 2006 1,219 1,013

Additional paid-in capital 341,270 323,664

Accumulated deficit (330,759) (310,797)

Accumulated other comprehensive loss:

Unrealized loss on investment (242) -

Net stockholders' equity 11,488 13,880

Total liabilities and stockholders'

equity $ 19,500 $ 28,348

INSMED INCORPORATED

Consolidated Statements of Operations

(in thousands, except per share data - unaudited)

Three Months Ended Twelve Months Ended

December 31, December 31,

2007 2006 2007 2006

Sales, net $ - $ 312 $ 423 $ 263

Royalties 41 50 121 157

License income 62 - 1,607 -

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

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