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

- 2,217 Total liabilities 4,616 7,581 Stockholders' equity (deficit): Common stock; $.01 par value; authorized shares 500,000,000; issued and outstanding shares, 129,433,099 in 2009 and 122,494,010 in 2008 1,294 1,225 Additional paid-in capital 349,622 342,378 Accumulated deficit (230,232) (346,426) Net stockholders' equity (deficit) 120,684 (2,823) Total liabilities and stockholders' equity (deficit) $125,300 $4,758 INSMED INCORPORATED Consolidated Statements of Operations (in thousands, except per share data - unaudited) Three Months Ended Six Months Ended June 30, June 30, 2009 2008 2009 2008 Royalties $30 $29 $58 $54 Grant revenue 272 - 544 - Other expanded access program income, net 2,738 2,697 4,808 5,070 Total revenues 3,040 2,726 5,410 5,124 Operating expenses: Research and development 1,472 5,614 7,340 10,936 Selling, general and administrative 2,874 1,493 6,323 2,975 Realized loss on investments - 54 - 446 Total expenses 4,346 7,161 13,663 14,357 Operating loss (1,306) (4,435) (8,253) (9,233) Interest income 112 96 135 375 Interest expense
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SOURCE Insmed Inc.
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