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Insmed Announces Fourth Quarter and Full-Year 2008 Financial Results
Date:3/11/2009

ets and liabilities: Accounts receivable 128 (9) Inventory - 576 Other assets 170 (157) Accounts payable 373 (6,282) Accrued project costs & other 433 (612) Payroll liabilities (178) (671) Deferred rent 53 61 Deferred income 57 245 Restricted stock unit liability 113 - Asset retirement obligation - 591 Interest payable (10) - Net cash used in operating activities (11,988) (25,255) Investing activities Decrease in short-term investments 12,673 9,066 Purchases of investments - (500) Net cash provided by investing activities 12,673 8,566 Financing activities Proceeds from issuance of common stock Public Offering - 18,230 Issuance costs - (1,266) Warrants converted into shares - - Other 117 138 Total proceeds from issuance of common stock 117 17,102 Repayment of convertible notes (2,211) - Other - 1,020 Net cash (used in) provided by financing activities (2,094) 18,122 (Decrease) Increase in cash and cash equivale
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