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Insmed Announces First Quarter 2012 Financial Results
Date:5/8/2012

nd our Quarterly Report on Form 10-Q for the quarter ended March 31, 2012. Investors are cautioned not to place undue reliance on any forward-looking statements which speak only as of the date of this release.  We undertake no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances that occur after the date of this release or to reflect the occurrence of unanticipated events.

  

 

INSMED INCORPORATEDConsolidated Balance Sheets (Unaudited)(in thousands, except share and per share data)March 31,December 31,20122011AssetsCurrent assets:  Cash and cash equivalents $
22,043$
4,848  Short-term investments48,73961,424  Accounts receivable-757  Prepaid expenses and other current assets178370Total current assets70,96077,399Certificate of deposit 2,0912,085In-process research and development58,20058,200Deposits135212Fixed assets, net1,8671,937Total assets$
33,253$
39,833Liabilities and stockholders' equityCurrent liabilities:  Accounts payable $
2,879$
2,334  Accrued expenses193800  Accrued compensation510795  Accrued lease expense, current285278  Deferred rent154156  Capital lease obligations, current115114Total current liabilities4,1364,477Accrued lease expense, long-term852923Capital lease obligations, long-term131166Total liabilities5,1195,566Stockholders' equity:Common stock; $.01 par value; authorized shares500,000,000; issued and outstanding shares,
24,874,852 in 2012 and 24,833,301 in 2011249248  Additional paid-in capital428,237427,743  Accumulated deficit(301,018)(294,174)  Accumulated other comprehensive income:Unrealized gain on investments666450Total stockholders' equity128,134134,267Total liabilities and stockholders' equity $
33,253$
39,833 

 INSMED INCORPORATEDConsolidated Statements of Comprehensive Operations (
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