Insmed Incorporated Announces Proposed Public Offering of Common Stock
06 Mars 2006 - 1:21PM
Business Wire
Insmed (NASDAQ: INSM) announced today that it has filed a
preliminary prospectus supplement relating to an offering of
20,000,000 shares of its common stock pursuant to a Form S-3 shelf
registration statement filed last month with the U.S. Securities
and Exchange Commission. Insmed will also grant the underwriters in
the offering an option to purchase up to 3,000,000 additional
shares of common stock to cover over-allotments, if any. All of the
shares are being sold by Insmed. Lazard Capital Markets LLC is
acting as the sole book-running manager for the offering. C.E.
Unterberg, Towbin, LLC is acting as co-manager. A preliminary
prospectus supplement has been filed today with the U.S. Securities
and Exchange Commission. Any offer of shares of Insmed's common
stock will be made only by means of a prospectus. Copies of the
preliminary prospectus supplement relating to the offering may be
obtained by contacting Lazard Capital Markets LLC at 30 Rockefeller
Plaza New York, NY 10020 or (212) 632-6000. This communication
shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. About Insmed
Incorporated Insmed Incorporated is a biopharmaceutical company
focused on the discovery, development and commercialization of drug
products for the treatment of metabolic diseases and endocrine
disorders with unmet medical needs. For further information about
Insmed and IPLEX(TM) (mecasermin rinfabate, rDNA origin,
injection), our FDA-approved drug for the treatment of growth
failure in children with severe primary IGF-1 deficiency or with
growth hormone deletion who have developed neutralizing antibodies
to growth hormone, please visit our corporate website at
www.insmed.com.
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