INSM - Insmed Incorporated (NASDAQ Stock)

[thegreatgate]

Today's close: $2.30
52-week high: $2.57 on 6/19/09 <---hopefully INSM breaks this soon (I think it will)
52-week low: 32 cents on 10/10/08
Market cap: $287.44 million dollars
Revenue: $11.7 million
Insmed Website

Company Background:
Insmed Incorporated (Insmed) is a development stage biopharmaceutical company specializing in recombinant protein drug development. The Company also engaged the services of RBC to act as financial advisor. On March 31, 2009, the Company completed the sale of its follow-on biologics assets to Merck & Co., Inc. (Merck).

Other info:

• Cash rich biotech company after Merck acquired their generic biologics development platform. (1.03$ per share after deal closes)

• Lead pipeline drug is a very complex biologic called IPLEX.

• Iplex occurs naturally in the human body and can induce muscular, neurological and bone growth.

• Iplex has shown effectiveness in short stature in children (fda approved) where it was well tolerated and labeled safe in children.

• Iplex is being researched (amongst others) in adult degenerative lethal illnesses like Myotonic Muscular Dystrophy, Amyotrophic Lateral Sclerosis as well as Retinopathy in infants.

• ALS and MMD are orphan indications. Iplex is priced at a premium due to high past development cost. Orphan indications are mandatory reimbursed for approved indications and have additional market protection.

• Partial building block of Iplex (folding protein igfbp3) has well documented apoptic properties. (ie enhances anti cancer drugs).

• Insmed has opt-in agreements with Ipsen ( .fr ) and Genentech (DNA, .us). ( Genentech has since been acquired by Roche )

• march 2009 CFO comment: (MMD trial will go to phase III in Q2, despite that...) " In the short-term, we expect to be cash neutral for the balance of 2009 as we continue moving ahead with our IPLEX(TM) programs for MMD and ALS. "

3-Month Chart:

[BadThad]

It sure has had quite a run!

[Leo38Cheng]

i've been watching this all morning and the L2 is crazy(if i'm reading correctly) there's alot of buyers at 2.32

[Aufan 1983]

LOOK OUT BELOW!!!!!!!!!!!!!! Not good news this morning

Insmed Announces Results of IPLEX(TM) Phase II Trial in Myotonic Muscular Dystrophy - Yahoo! Finance

[greencat]

INSM should make a higher high tomorrow.

INSM Chart

[greencat]

INSM has an upward channel going on and looks like its going to try and make another move up.

First chart provided by thegreatgate
3-Month Chart:
[/QUOTE]

[greencat]

INSM took off again..making a higher high.

INSM Chart