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Insmed Announces Financial Results for Second Quarter and Six-Months Ended June 30, 2009
Date:8/13/2009

(unaudited) June 30, December 31, 2009 2008 Assets Current assets: Cash, cash equivalents and short-term investments $122,846 $2,397 Accounts receivable, net 211 122 Prepaid expenses 145 74 Total current assets 123,202 2,593 Long-term assets: Certificate of deposit 2,085 - Restricted cash, long-term - 2,095 Deferred financing costs, net 13 70 Total long-term assets 2,098 2,165 Total assets $125,300 $4,758 Liabilities and stockholders' equity (deficit) Current liabilities: Accounts payable $711 $1,277 Accrued project costs & other 670 936 Payroll liabilities 1,035 453 Income taxes payable 1,250 - Restricted stock unit liability - 113 Interest payable 3 13 Deferred rent 103 168 Deferred revenue 270 302 Convertible debt 692 2,211 Debt discount (118) (596) Net convertible debt 574 1,615 Total current liabilities 4,616 4,877 Long-term liabilities: Convertible debt - 553 Debt discount - (66) Net long-term convertible debt - 487 Asset retirement obligation
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