Insmed Announces Additional Information In Compliance With NASDAQ Rules
16 Mars 2007 - 9:02PM
Business Wire
Pursuant to NASDAQ Marketplace Rule 4350(b) (the �NASDAQ Rule�) any
Company, whose securities are listed on one of the NASDAQ stock
exchanges, that receives a going concern audit opinion in one of
its filings with the Securities and Exchange Commission is required
to disseminate this information to the public. In compliance with
this NASDAQ Rule, Insmed Incorporated, today announced that it has
received a going concern audit opinion for its financial statements
dated as of December 31, 2006, and filed as part of its Annual
Report on Form 10-K with the Securities and Exchange Commission.
This going concern audit opinion was given because the Company�s
ability to continue as a going concern is dependent upon its
ability to raise capital through securities offerings, debt
financing and partnership agreements to fund on-going operations.
About Insmed Incorporated Insmed (NASDAQ: INSM), is a
biopharmaceutical company focused on the development and
commercialization of drug candidates for the treatment of metabolic
diseases and endocrine disorders with unmet medical needs. For more
information, please visit www.insmed.com. Statements included
within this press release, which are not historical in nature, may
constitute forward-looking statements for purposes of the safe
harbor provided by the Private Securities Litigation Reform Act of
1995. Forward-looking statements in this press release include, but
are not limited to, statements regarding planned clinical trial
design, our regulatory and business strategies, plans and
objectives of management and growth opportunities for existing or
proposed products. Such forward-looking statements are subject to
numerous risks and uncertainties, including risks that product
candidates may fail in the clinic or may not be successfully
marketed or manufactured, the company may lack financial resources
to complete development of product candidates, the FDA may
interpret the results of our studies differently than we have,
competing products may be more successful, demand for new
pharmaceutical products may decrease, the biopharmaceutical
industry may experience negative market trends and other risks
detailed from time to time in the company's filings with the
Securities and Exchange Commission. As a result of these and other
risks and uncertainties, actual results may differ materially from
those described in this press release. For further information with
respect to factors that could cause actual results to differ from
expectations, reference is made to reports filed by the Company
with the Securities and Exchange Commission under the Securities
Exchange Act of 1934, as amended. The forward-looking statements
made in this release are made only as of the date hereof and Insmed
disclaims any intention or responsibility for updating predictions
or financial guidance contained in this release.
Insmed (NASDAQ:INSM)
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