Welcome to our dedicated page for Insmed news (Ticker: INSM), a resource for investors and traders seeking the latest updates and insights on Insmed stock.
Insmed, Inc. (Symbol: INSM) is a global biopharmaceutical company headquartered in Bridgewater, NJ, with a mission to transform the lives of patients with serious and rare diseases. The company is committed to developing and bringing to market therapies that significantly improve patient lives, focusing on the entire patient journey from diagnosis and treatment to daily living.
Insmed's flagship product, ARIKAYCE (amikacin liposome inhalation suspension), is approved in the US for treating Mycobacterium Avium Complex (MAC) lung disease in adult patients who have limited or no alternative treatment options. ARIKAYCE, utilizing Insmed's proprietary PULMOVANCE® liposomal technology, delivers amikacin directly to the lungs, reducing systemic exposure and associated toxicities. It is administered using the Lamira® Nebulizer System developed by PARI Pharma GmbH, known for its efficiency and portability.
The company’s clinical pipeline includes multiple promising candidates. Notable among them is Brensocatib, a novel oral reversible inhibitor of dipeptidyl peptidase 1 (DPP1). It is being developed for treating non-cystic fibrosis bronchiectasis and other neutrophil-mediated diseases. Another significant pipeline product is TPIP (Treprostinil Palmitil Inhalation Powder), an inhaled formulation being evaluated for pulmonary arterial hypertension and other serious pulmonary disorders.
Insmed has demonstrated robust financial performance, with significant revenue growth driven by ARIKAYCE. The company continues to invest heavily in research and development, with plans to expand its product portfolio and market reach globally.
Insmed's strategic partnerships and collaborations play a crucial role in advancing its mission. These include collaborations with PARI Pharma for the Lamira® Nebulizer System and AstraZeneca AB for utilizing their expertise in respiratory diseases.
Recent updates include positive financial results for the third quarter of 2023, robust revenue growth from ARIKAYCE, and significant progress in clinical trials. Noteworthy are the topline results from the Phase 3 ASPEN study for Brensocatib, indicating its potential as a first-in-class treatment. Insmed plans to file a New Drug Application (NDA) with the FDA for Brensocatib by late 2024, aiming for a potential launch in 2025.
The company is also advancing its early-stage research engine, exploring innovative technologies such as artificial intelligence-driven protein engineering and gene therapy, positioning itself at the forefront of biopharmaceutical innovation.
Insmed Incorporated (Nasdaq:INSM) will release its Q2 2022 financial results on August 4, 2022. The management will conduct a conference call at 8:30 a.m. ET on the same day to discuss the results and provide a business update. Interested parties can join the call by dialling (888) 210-2654 for U.S. callers and (646) 960-0278 internationally. A replay will be available until September 3, 2022. Insmed focuses on developing therapies for serious and rare diseases and has a first-in-disease therapy approved in multiple regions.
On July 8, 2022, Insmed Incorporated (Nasdaq: INSM) announced inducement awards to 18 employees, a move approved by the Compensation Committee under NASDAQ Listing Rule 5635(c)(4). These new hires received options to purchase 146,070 shares of common stock at $20.89 each, the closing price on July 1, 2022. The options have a 10-year term with a four-year vesting schedule, promoting employee retention. Insmed, based in Bridgewater, New Jersey, focuses on therapies for serious and rare diseases and has a growing pipeline of investigational treatments.
Insmed Incorporated (Nasdaq: INSM) announced that it has granted inducement awards to 24 new employees as part of their employment offer. The approved awards, compliant with NASDAQ Listing Rule 5635(c)(4), include options to purchase 158,530 shares of common stock at an exercise price of $17.93 per share, equivalent to the closing price on June 1, 2022. The options have a 10-year term and a four-year vesting schedule. Insmed is focused on therapies for serious and rare diseases, with a strong commitment to enhancing patient lives.
Insmed has appointed Drayton Wise as the new Chief Commercial Officer, effective May 23, 2022. He will lead global commercial functions and continue overseeing the ARIKAYCE franchise. This strategic move comes as Insmed prepares for significant milestones, including expanding ARIKAYCE's market reach and launching new products like brensocatib. Drayton has been pivotal in building Insmed's commercial organization since joining in 2014. Will Lewis, CEO, expressed confidence in Wise's leadership during this critical phase.
Insmed Incorporated (Nasdaq: INSM) presented new findings at the ATS 2022 International Conference, showcasing significant benefits of ARIKAYCE and brensocatib. A retrospective study revealed a reduction in all-cause hospitalizations from 35.9% to 23.0% in patients following ARIKAYCE treatment, with similar improvements in respiratory-related hospitalizations. Additionally, post-hoc analyses of the WILLOW study indicated a favorable benefit-risk profile for brensocatib, noting a low number needed to treat (NNT) of 6-7 and a negative number needed to harm (NNH), suggesting a lower risk of severe adverse events compared to placebo.
Insmed Incorporated (Nasdaq: INSM), a biopharmaceutical company focused on rare diseases, will present in a fireside chat at the H.C. Wainwright Annual Global Life Sciences Conference. The event is scheduled for on-demand viewing on May 24, 2022, at 7:00 a.m. ET, accessible through the company's investor relations site. Insmed is known for its first-in-disease therapy for chronic lung disease and has a pipeline aimed at unmet medical needs in inflammatory and pulmonary disorders. The webcast will be available for 30 days post-presentation.
On May 6, 2022, Insmed Incorporated (Nasdaq: INSM) announced the granting of inducement awards to 10 new employees as per NASDAQ Listing Rule 5635(c)(4). These awards include options to purchase 70,080 shares of common stock at $22.45 per share, the closing price on May 2, 2022. The options have a 10-year term with a four-year vesting schedule. Insmed is focused on transforming the lives of patients with serious and rare diseases, with its first commercial product approved in the U.S., Europe, and Japan.
Insmed Incorporated (Nasdaq:INSM) reported strong Q1 2022 results, achieving 32% year-over-year growth with total revenue of $53.1 million, driven by ARIKAYCE sales of $40.8 million in the U.S. The company maintains its 2022 revenue guidance of at least 30% growth and a cash runway into 2024. Seven clinical trials are ongoing, including the Phase 3 ASPEN study for brensocatib. Despite a net loss of $94.6 million for the quarter, Insmed's financial position remains strong as it continues to invest in expansion and research initiatives.
Insmed, a biopharmaceutical company focused on rare diseases, plans to release its Q1 2022 financial results on May 5, 2022. The management will conduct a conference call at 8:30 a.m. ET on the same day to discuss the results and provide a business update. Interested parties can join the call via phone or through a live webcast on the company's website. Insmed aims to transform lives with innovative therapies and is progressing in various serious unmet medical needs.
Insmed Incorporated (Nasdaq: INSM) announced on April 7, 2022, the granting of inducement awards to 20 new employees as part of NASDAQ Listing Rule 5635(c)(4). Each employee received options to purchase a total of 107,680 shares at an exercise price of $24.47 per share, which was the closing price on April 1, 2022. The options come with a 10-year term and a four-year vesting schedule. Insmed focuses on developing therapies for serious and rare diseases, with its first product approved in the US, Europe, and Japan.
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