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Insmed Announces Financial Results for Second Quarter and Six-Months Ended June 30, 2011
Date:8/8/2011

48

1,565Preferred stock; $.01 par value; authorized shares   200,000,000; issued and outstanding shares, zero in 2011 and 9,174,589 in 2010 

-

918  Additional paid-in capital 

426,795

423,877  Accumulated deficit

(251,422)

(234,510)  Accumulated other comprehensive income: Unrealized gain on investments

1,117

993Total stockholders' equity

176,738

192,843Total liabilities and stockholders' equity

$
80,288

$
96,265INSMED INCORPORATEDConsolidated Statements of Operations (Unaudited)(in thousands, except per share data)Three Months EndedSix Months EndedJune 30,June 30,2011201020112010License fees

$$
-$
251$
2Other expanded access program income, net

9771,8642,3283,791Total revenues

9781,8642,5793,793Operating expenses:Research and development

8,70689314,4671,535General and administrative

2,7451,8846,0023,422Total operating expenses

11,4512,77720,4694,957Operating loss

(10,473)(913)(17,890)(1,164)Investment income

459538987935Interest expense

(3)-(7)(28)Loss before income taxes

(10,017)(375)(16,910)(257)Income tax expense

-323Net loss

(10,017)(378)(16,912)(260)Less: accretion of beneficial conversion feature

--(9,175)-Net loss attributable to common stockholders

$  (10,017)$
(378)$  (26,087)$
(260)Basic and diluted net loss attributable to common stockholders per common share

$
(0.40)$
(0.03)$
(1.19)$
(0.02)Weighted average basic common shares outstanding

24,83013,02521,83813,023Weighted average diluted common shares outstanding

24,83013,02521,83813,023INSMED INCORPORATEDConsolidated Statements of Cash Flows (Unaudited)(in thousands) Six Months Ended June 30,20112010Operating activitiesNet loss$
(16,912)$
(260)Adjustments to reconcile net (loss) to net cash (used in)provided by ope
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SOURCE Insmed Incorporated
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