Insmed Incorporated
184.29+17.34 (+10.4%)
Oct 30, 9:52:57 AM EDT · NasdaqGS · INSM · USD
Key Stats
Market Cap
38.95BP/E (TTM)
-Basic EPS (TTM)
-5.68Dividend Yield
0%Recent Filings
8-K
FDA approves Insmed's BRINSUPRI
Insmed scored FDA approval for BRINSUPRI, the first treatment for non-cystic fibrosis bronchiectasis in adults and kids 12 and up, on August 12, 2025. This oral DPP1 inhibitor slashes exacerbation rates by 19.4% to 21.1% versus placebo, per Phase 3 ASPEN data, while curbing lung function decline. Now available via specialty pharmacies, it targets 500,000 U.S. patients. Success hinges on market uptake amid dermatologic risks.
10-Q
Q2 FY2025 results
Insmed's Q2 revenue climbed 19% year-over-year to $107.4M, driven by ARIKAYCE sales up 8% in the US to $68.7M and surging 45% in Japan to $30.7M, while Europe added $8.1M; six-month totals rose 21% to $200.2M. Yet operating losses widened to $312.9M from $288.9M, fueled by R&D hikes to $177.2M and SG&A to $154.8M, plus a $59.0M fair-value jump in contingent liabilities—net loss hit $321.7M, or $1.70 per share on 189.3M diluted shares. Cash swelled to $1.3B after $824M from a stock offering and $566M from convertible note conversions, offsetting $468M operating burn; term loans stand at $539M due 2029. Free cash flow not disclosed in the 10-Q. Pipeline advances, with brensocatib NDA under priority review. Competition in rare lung therapies poses ongoing risks.
8-K
Insmed Q2 revenue surges 19%
Insmed reported Q2 2025 ARIKAYCE revenue of $107.4 million, up 19% from last year, fueled by strong Japan and Europe growth while U.S. sales rose 7.7%. The company boasts $1.9 billion in cash after a $823.1 million equity raise, positioning it for brensocatib's potential U.S. launch post-FDA review on August 12. Pipeline advances include positive TPIP Phase 2b PAH data and upcoming Phase 3 starts. Cash burn persists amid R&D investments.
8-K
Insmed prices $750M stock offering
Insmed priced its public offering of 7,812,500 common shares at $96.00 each on June 11, 2025, expecting $750 million in gross proceeds before expenses, with net proceeds of about $716.3 million. The underwriters, led by Goldman Sachs and Leerink Partners, hold a 30-day option for 1,171,875 more shares. Funds will fuel brensocatib's R&D and commercialization, ARIKAYCE expansion, TPIP development, and general corporate needs. Closing is set for June 13, 2025, pending conditions. Market volatility could sway completion.
8-K
Positive TPIP Phase 2b results
Insmed announced positive topline results from its Phase 2b study of TPIP in PAH patients on June 10, 2025, meeting the primary endpoint with a 35% placebo-adjusted reduction in pulmonary vascular resistance and all secondary endpoints, including a 35.5-meter improvement in six-minute walk distance. The once-daily therapy proved well-tolerated, with 75% of patients reaching the maximum 640 µg dose and only 5.8% discontinuing due to adverse events. Insmed plans Phase 3 trials starting before end-2025 for PH-ILD and early 2026 for PAH. Yet full data may differ from these topline findings.
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