--ARIKAYCE® (amikacin liposome
inhalation suspension) Exceeds the Upper End of Guidance Range for
Full-Year 2024 with Unaudited Global Revenues of
Approximately $363.7
Million--
--2025 Global ARIKAYCE Revenues Expected to be
Between $405 Million and $425 Million, Reflecting Continued Double-Digit
Growth Compared to 2024--
--NDA for Brensocatib in Bronchiectasis
Submitted to FDA in December 2024,
Narrowing the Timing for Expected U.S. Launch to the Third Quarter
of 2025, Pending Approval Under Priority Review--
--Enrollment for Phase 2 Study of TPIP in
Patients with PAH Completed in December 2024; Expected Timing
for Topline Data Moved Forward to Mid-2025--
--Phase 3 ENCORE Trial for ARIKAYCE in
Patients with Newly Diagnosed or Recurrent MAC Lung Disease Fully
Enrolled; Topline Data Anticipated in First Quarter of
2026--
--IND Cleared for Insmed's First Gene Therapy
(INS1201) for Patients with DMD; First Patient Dosing Anticipated
in the First Half of 2025--
BRIDGEWATER, N.J., Jan. 10,
2025 /PRNewswire/ -- Insmed Incorporated (Nasdaq:
INSM), a people-first global biopharmaceutical company striving to
deliver first- and best-in-class therapies to transform the lives
of patients facing serious diseases, today provided an update on
the Company's commercial and clinical programs and its outlook for
2025. These updates will be discussed as part of the Company's
presentation at the 43rd Annual J.P. Morgan Healthcare
Conference in San Francisco on Monday,
January 13, 2025, at 3:00 p.m. PT (6:00 p.m. ET).
"2024 was an extraordinary year for Insmed, and it is only the
beginning of our journey. We believe the upcoming clinical and
commercial catalysts have the potential to redefine Insmed from a
company that can serve approximately 30,000 patients today to one
able to reach more than 2.5 million patients by the end of the
decade," said Will Lewis, Chair and
Chief Executive Officer of Insmed. "As we prepare for the highly
anticipated U.S. approval and launch of brensocatib in
bronchiectasis in the third quarter of 2025, we continue to advance
our additional clinical programs, including TPIP in PH-ILD and PAH,
brensocatib in CRSsNP and HS, and our first gene therapy
in DMD. In parallel, we expect to continue to drive
double-digit ARIKAYCE growth as we await the readout of ENCORE
data, which has the potential to unlock a blockbuster opportunity
for the brand."
Preliminary Full-Year 2024 Global Net Product Sales
(Unaudited)
Based on preliminary unaudited financial
information, the Company expects total global net product sales of
ARIKAYCE to be approximately $363.7
million for full-year 2024. This represents 19%
year-over-year growth versus full-year 2023, including growth
across each of our regions, as follows:
Preliminary Unaudited Full-Year 2024
Global Net Product Sales by Region
|
|
2024
Revenues
|
% Change
YoY
|
United
States
|
$254.8
million
|
14 %
|
Japan
|
$87.7
million
|
33 %
|
Europe
|
$21.2
million
|
39 %
|
Total
|
$363.7 million
|
19 %
|
These preliminary unaudited results are subject to adjustment.
Insmed will report its final and complete fourth-quarter and
full-year 2024 financial results in late February 2025. The actual results could be
materially different from these preliminary unaudited financial
results.
Progress and Anticipated Milestones by Program:
ARIKAYCE
- Insmed anticipates 2025 global ARIKAYCE revenues to be
between $405 million and $425 million, representing
between 11% and 17% year-over-year growth compared to 2024.
- The Company has completed enrollment in the ENCORE trial for
patients with newly diagnosed or recurrent Mycobacterium
avium complex (MAC) lung disease who had not started
antibiotics. Total enrollment in the study was 425 patients,
exceeding the target enrollment of 400 patients.
- The Company continues to anticipate a topline readout for
ENCORE in the first quarter of 2026, with the submission of a
supplementary new drug application (sNDA) for ARIKAYCE in all
patients with MAC lung disease projected for later in 2026.
Brensocatib
- Insmed submitted a new drug application (NDA) for brensocatib
for patients with bronchiectasis with the U.S. Food and Drug
Administration (FDA) in December 2024
and is currently awaiting FDA acceptance of that submission. If
priority review is granted by FDA and brensocatib is approved, the
Company anticipates a U.S. launch in the third quarter of
2025.
- Regulatory submissions for brensocatib in the EU, UK, and
Japan are planned for 2025, with
commercial launches anticipated in 2026, pending approval in each
territory.
- The Phase 2b BiRCh trial of brensocatib in patients
with chronic rhinosinusitis without nasal polyps (CRSsNP) has
completed nearly 70% of its target enrollment. Topline data
continue to be expected before the end of 2025.
- The Company randomized its first participant in the Phase 2
CEDAR trial of brensocatib in patients with hidradenitis
suppurativa (HS) in December
2024.
TPIP
- Insmed will present the full data from the Phase 2 study of
treprostinil palmitil inhalation powder (TPIP) in pulmonary
hypertension associated with interstitial lung disease (PH-ILD) at
the Pulmonary Vascular Research Institute's 2025 Annual World
Congress in Rio de Janeiro being
held from January 29 through February 1,
2025. The Company plans to initiate a Phase 3 study in
PH-ILD in the second half of 2025.
- Enrollment in the Phase 2 study of TPIP in pulmonary arterial
hypertension (PAH) has been completed with 102 patients randomized
in the study. Topline data from the study are now anticipated in
the middle of 2025, ahead of the anticipated U.S. launch of
brensocatib.
Gene Therapy
- Insmed's lead gene therapy is INS1201, an
intrathecally-delivered treatment for patients with Duchenne
muscular dystrophy (DMD).
- In December 2024, Insmed received
clearance from the FDA for its investigational new drug (IND)
application for INS1201.
- The Company plans to initiate a clinical trial of INS1201 in
patients with DMD in the first half of 2025.
Pre-Clinical Programs
- Insmed's early-stage research efforts include more than 30
identified pre-clinical programs in development, all of which have
the potential to become first-in-class or best-in-class therapies
for the indications being pursued.
- The Company continues to anticipate that the totality of its
early-stage research programs will comprise less than 20% of
overall expenditure.
Presentation at the 43rd Annual J.P. Morgan
Healthcare Conference
Will Lewis, Chair and Chief
Executive Officer of Insmed, will present at the
43rd Annual J.P. Morgan Healthcare Conference
on Monday, January 13, 2025, at 3:00 p.m.
PT (6:00 p.m. ET). A live audio
webcast of the presentation will be available on the Investor
Relations section of the Company's website at www.insmed.com.
A replay will also be archived for a period of 30 days following
the conclusion of the live event.
About ARIKAYCE
ARIKAYCE is approved in the United
States as ARIKAYCE® (amikacin liposome inhalation
suspension), in Europe as
ARIKAYCE® Liposomal 590 mg Nebuliser Dispersion, and in
Japan as ARIKAYCE®
inhalation 590 mg (amikacin sulfate inhalation drug product).
Current international treatment guidelines recommend the use of
ARIKAYCE for appropriate patients. ARIKAYCE is a novel, inhaled,
once-daily formulation of amikacin, an established antibiotic that
was historically administered intravenously and associated with
severe toxicity to hearing, balance, and kidney function. Insmed's
proprietary PULMOVANCE® liposomal technology enables the
delivery of amikacin directly to the lungs, where liposomal
amikacin is taken up by lung macrophages where the infection
resides, while limiting systemic exposure. ARIKAYCE is administered
once daily using the Lamira® Nebulizer System
manufactured by PARI Pharma GmbH (PARI).
About PARI Pharma and the Lamira® Nebulizer System
ARIKAYCE is delivered by a novel inhalation device, the Lamira®
Nebulizer System, developed by PARI. Lamira® is a quiet,
portable nebulizer that enables efficient aerosolization of
ARIKAYCE via a vibrating, perforated membrane. Based on PARI's
100-year history working with aerosols, PARI is dedicated to
advancing inhalation therapies by developing innovative delivery
platforms to improve patient care.
About Brensocatib
Brensocatib is a small molecule, oral, reversible inhibitor of
dipeptidyl peptidase 1 (DPP1) being developed by Insmed for the
treatment of patients with bronchiectasis, CRSsNP, HS, and other
neutrophil-mediated diseases. DPP1 is an enzyme responsible for
activating neutrophil serine proteases (NSPs), such as neutrophil
elastase, in neutrophils when they are formed in the bone marrow.
Neutrophils are the most common type of white blood cell and play
an essential role in pathogen destruction and inflammatory
mediation. In chronic inflammatory lung diseases, neutrophils
accumulate in the airways and result in excessive active NSPs that
cause lung destruction and inflammation. Brensocatib may decrease
the damaging effects of inflammatory diseases such as
bronchiectasis by inhibiting DPP1 and its activation of NSPs.
Brensocatib is an investigational drug product that has not been
approved for any indication in any jurisdiction.
About TPIP
Treprostinil palmitil inhalation powder (TPIP) is a dry powder
formulation of treprostinil palmitil, a treprostinil prodrug
consisting of treprostinil linked by an ester bond to a 16-carbon
chain. Developed entirely in Insmed's laboratories, TPIP is a
potentially highly differentiated prostanoid being evaluated for
the treatment of patients with PAH, PH-ILD, and other rare and
serious pulmonary disorders. TPIP is administered in a
capsule-based inhalation device. TPIP is an investigational drug
product that has not been approved for any indication in any
jurisdiction.
IMPORTANT SAFETY INFORMATION AND BOXED WARNING FOR ARIKAYCE
IN THE U.S.
WARNING: RISK OF
INCREASED RESPIRATORY ADVERSE REACTIONS
|
|
ARIKAYCE has been
associated with an increased risk of respiratory adverse reactions,
including hypersensitivity pneumonitis, hemoptysis, bronchospasm,
and exacerbation of underlying pulmonary disease that have led to
hospitalizations in some cases.
|
Hypersensitivity Pneumonitis has been reported with the
use of ARIKAYCE in the clinical trials. Hypersensitivity
pneumonitis (reported as allergic alveolitis, pneumonitis,
interstitial lung disease, allergic reaction to ARIKAYCE) was
reported at a higher frequency in patients treated with ARIKAYCE
plus background regimen (3.1%) compared to patients treated with a
background regimen alone (0%). Most patients with hypersensitivity
pneumonitis discontinued treatment with ARIKAYCE and received
treatment with corticosteroids. If hypersensitivity pneumonitis
occurs, discontinue ARIKAYCE and manage patients as medically
appropriate.
Hemoptysis has been reported with the use of ARIKAYCE in
the clinical trials. Hemoptysis was reported at a higher frequency
in patients treated with ARIKAYCE plus background regimen (17.9%)
compared to patients treated with a background regimen alone
(12.5%). If hemoptysis occurs, manage patients as medically
appropriate.
Bronchospasm has been reported with the use of
ARIKAYCE in the clinical trials. Bronchospasm (reported as asthma,
bronchial hyperreactivity, bronchospasm, dyspnea, dyspnea
exertional, prolonged expiration, throat tightness, wheezing) was
reported at a higher frequency in patients treated with ARIKAYCE
plus background regimen (28.7%) compared to patients treated
with a background regimen alone (10.7%). If bronchospasm occurs
during the use of ARIKAYCE, treat patients as medically
appropriate.
Exacerbations of underlying pulmonary disease has been
reported with the use of ARIKAYCE in the clinical trials.
Exacerbations of underlying pulmonary disease (reported as chronic
obstructive pulmonary disease (COPD), infective exacerbation of
COPD, infective exacerbation of bronchiectasis) have been reported
at a higher frequency in patients treated with ARIKAYCE plus
background regimen (14.8%) compared to patients treated with
background regimen alone (9.8%). If exacerbations of
underlying pulmonary disease occur during the use of ARIKAYCE,
treat patients as medically appropriate.
Anaphylaxis and Hypersensitivity Reactions: Serious and
potentially life-threatening hypersensitivity reactions, including
anaphylaxis, have been reported in patients taking ARIKAYCE. Signs
and symptoms include acute onset of skin and mucosal tissue
hypersensitivity reactions (hives, itching, flushing, swollen
lips/tongue/uvula), respiratory difficulty (shortness of breath,
wheezing, stridor, cough), gastrointestinal symptoms (nausea,
vomiting, diarrhea, crampy abdominal pain), and cardiovascular
signs and symptoms of anaphylaxis (tachycardia, low blood pressure,
syncope, incontinence, dizziness). Before therapy with ARIKAYCE is
instituted, evaluate for previous hypersensitivity reactions to
aminoglycosides. If anaphylaxis or a hypersensitivity reaction
occurs, discontinue ARIKAYCE and institute appropriate supportive
measures.
Ototoxicity has been reported with the use of ARIKAYCE in
the clinical trials. Ototoxicity (including deafness, dizziness,
presyncope, tinnitus, and vertigo) were reported with a higher
frequency in patients treated with ARIKAYCE plus background regimen
(17%) compared to patients treated with background
regimen alone (9.8%). This was primarily driven by tinnitus
(7.6% in ARIKAYCE plus background regimen vs 0.9% in the background
regimen alone arm) and dizziness (6.3% in ARIKAYCE plus background
regimen vs 2.7% in the background regimen alone arm). Closely
monitor patients with known or suspected auditory or vestibular
dysfunction during treatment with ARIKAYCE. If ototoxicity occurs,
manage patients as medically appropriate, including potentially
discontinuing ARIKAYCE.
Nephrotoxicity was observed during the clinical
trials of ARIKAYCE in patients with MAC lung disease but not at a
higher frequency than background regimen alone. Nephrotoxicity has
been associated with the aminoglycosides. Close monitoring of
patients with known or suspected renal dysfunction may be needed
when prescribing ARIKAYCE.
Neuromuscular Blockade: Patients with neuromuscular
disorders were not enrolled in ARIKAYCE clinical trials. Patients
with known or suspected neuromuscular disorders, such as myasthenia
gravis, should be closely monitored since aminoglycosides may
aggravate muscle weakness by blocking the release of acetylcholine
at neuromuscular junctions.
Embryo-Fetal Toxicity: Aminoglycosides can cause
fetal harm when administered to a pregnant woman. Aminoglycosides,
including ARIKAYCE, may be associated with total, irreversible,
bilateral congenital deafness in pediatric patients exposed in
utero. Patients who use ARIKAYCE during pregnancy, or become
pregnant while taking ARIKAYCE should be apprised of the potential
hazard to the fetus.
Contraindications: ARIKAYCE is contraindicated in
patients with known hypersensitivity to any aminoglycoside.
Most Common Adverse Reactions: The most common adverse
reactions in Trial 1 at an incidence ≥5% for patients using
ARIKAYCE plus background regimen compared to patients treated with
background regimen alone were dysphonia (47% vs 1%), cough (39% vs
17%), bronchospasm (29% vs 11%), hemoptysis (18% vs 13%),
ototoxicity (17% vs 10%), upper airway irritation (17% vs 2%),
musculoskeletal pain (17% vs 8%), fatigue and asthenia (16% vs
10%), exacerbation of underlying pulmonary disease (15% vs 10%),
diarrhea (13% vs 5%), nausea (12% vs 4%), pneumonia (10% vs 8%),
headache (10% vs 5%), pyrexia (7% vs 5%), vomiting (7% vs 4%), rash
(6% vs 2%), decreased weight (6% vs 1%), change in sputum (5% vs
1%), and chest discomfort (5% vs 3%).
Drug Interactions: Avoid concomitant use of ARIKAYCE
with medications associated with neurotoxicity, nephrotoxicity, and
ototoxicity. Some diuretics can enhance aminoglycoside toxicity by
altering aminoglycoside concentrations in serum and tissue. Avoid
concomitant use of ARIKAYCE with ethacrynic acid, furosemide, urea,
or intravenous mannitol.
Overdosage: Adverse reactions specifically associated
with overdose of ARIKAYCE have not been identified. Acute
toxicity should be treated with immediate withdrawal of ARIKAYCE,
and baseline tests of renal function should be undertaken.
Hemodialysis may be helpful in removing amikacin from the body. In
all cases of suspected overdosage, physicians should contact the
Regional Poison Control Center for information about effective
treatment.
U.S. INDICATION
LIMITED POPULATION: ARIKAYCE® is indicated in
adults, who have limited or no alternative treatment options, for
the treatment of Mycobacterium avium complex (MAC) lung
disease as part of a combination antibacterial drug regimen in
patients who do not achieve negative sputum cultures after a
minimum of 6 consecutive months of a multidrug background regimen
therapy. As only limited clinical safety and effectiveness data for
ARIKAYCE are currently available, reserve ARIKAYCE for use in
adults who have limited or no alternative treatment options.
This drug is indicated for use in a limited and specific population
of patients.
This indication is approved under accelerated approval based
on achieving sputum culture conversion (defined as 3 consecutive
negative monthly sputum cultures) by Month 6. Clinical benefit has
not yet been established. Continued approval for this indication
may be contingent upon verification and description of clinical
benefit in confirmatory trials.
Limitation of Use: ARIKAYCE has only been studied
in patients with refractory MAC lung disease defined as patients
who did not achieve negative sputum cultures after a minimum of 6
consecutive months of a multidrug background regimen therapy. The
use of ARIKAYCE is not recommended for patients with non-refractory
MAC lung disease.
Patients are encouraged to report negative side effects of
prescription drugs to the FDA.
Visit www.fda.gov/medwatch, or call 1‑800‑FDA‑1088. You
can also call the Company at 1-844-4-INSMED.
Please see Full Prescribing
Information.
About Insmed
Insmed Incorporated is a people-first global biopharmaceutical
company striving to deliver first- and best-in-class therapies to
transform the lives of patients facing serious diseases. The
Company is advancing a diverse portfolio of approved and mid- to
late-stage investigational medicines as well as cutting-edge drug
discovery focused on serving patient communities where the need is
greatest. Insmed's most advanced programs are in pulmonary and
inflammatory conditions, including a therapy approved in
the United States, Europe, and Japan to treat a chronic, debilitating lung
disease. The Company's early-stage research programs encompass a
wide range of technologies and modalities, including gene therapy,
AI-driven protein engineering, protein manufacturing, RNA
end-joining, and synthetic rescue.
Headquartered in Bridgewater, New
Jersey, Insmed has offices and research locations throughout
the United States, Europe, and Japan. Insmed is proud to be recognized as one
of the best employers in the biopharmaceutical industry, including
spending four consecutive years as the No. 1 Science Top Employer.
Visit www.insmed.com to learn more.
Forward-looking Statements
This press release contains forward-looking statements that
involve substantial risks and uncertainties. "Forward-looking
statements," as that term is defined in the Private Securities
Litigation Reform Act of 1995, are statements that are not
historical facts and involve a number of risks and uncertainties.
Words herein such as "may," "will," "should," "could," "would,"
"expects," "plans," "anticipates," "believes," "estimates,"
"projects," "predicts," "intends," "potential," "continues," and
similar expressions (as well as other words or expressions
referencing future events, conditions or circumstances) may
identify forward-looking statements.
The forward-looking statements in this press release are based
upon the Company's current expectations and beliefs, and involve
known and unknown risks, uncertainties and other factors, which may
cause the Company's actual results, performance and achievements
and the timing of certain events to differ materially from the
results, performance, achievements or timings discussed, projected,
anticipated or indicated in any forward-looking statements. Such
risks, uncertainties and other factors include, among others, the
following: failure to continue to successfully commercialize
ARIKAYCE, our only approved product, in the U.S., Europe or Japan (amikacin liposome inhalation
suspension, Liposomal 590 mg Nebuliser Dispersion, and amikacin
sulfate inhalation drug product, respectively), or to maintain US,
European or Japanese approval for ARIKAYCE; our inability to obtain
full approval of ARIKAYCE from the FDA, including the risk that we
will not successfully or in a timely manner complete the
confirmatory post-marketing clinical trial required for full
approval of ARIKAYCE, or our failure to obtain regulatory approval
to expand ARIKAYCE's indication to a broader patient population;
the risk that the full data set from the ASPEN study or data generated in further
clinical trials of Brensocatib will not be consistent with the
topline results of the ASPEN study
or any additional data published from the ASPEN study; failure to obtain, or delays in
obtaining, regulatory approvals for brensocatib, TPIP or our other
product candidates in the US, Europe or Japan or for ARIKAYCE outside the US,
Europe or Japan, including separate regulatory approval
for Lamira® in each market and for each usage; failure
to successfully commercialize brensocatib, TPIP or our other
product candidates, if approved by applicable regulatory
authorities, or to maintain applicable regulatory approvals for
brensocatib, TPIP or our other product candidates, if approved;
uncertainties or changes in the degree of market acceptance of
ARIKAYCE or, if approved, brensocatib or TPIP by physicians,
patients, third-party payors and others in the healthcare
community; our inability to obtain and maintain adequate
reimbursement from government or third-party payors for ARIKAYCE
or, if approved, brensocatib or TPIP, or acceptable prices for
ARIKAYCE or, if approved, brensocatib or TPIP; inaccuracies in our
estimates of the size of the potential markets for ARIKAYCE,
brensocatib, TPIP or our other product candidates or in data we
have used to identify physicians, expected rates of patient uptake,
duration of expected treatment, or expected patient adherence or
discontinuation rates; failure of third parties on which the
Company is dependent to manufacture sufficient quantities of
ARIKAYCE, brensocatib, or TPIP for commercial or clinical needs, to
conduct the Company's clinical trials, or to comply with the
Company's agreements or laws and regulations that impact the
Company's business; the risks and uncertainties associated with,
and the perceived benefits of, our secured senior loan with certain
funds managed by Pharmakon Advisors L.P. and our royalty financing
with OrbiMed Royalty & Credit Opportunities IV, LP, including
our ability to maintain compliance with the covenants in the
agreements for the senior secured loan and royalty financing and
the impact of the restrictions on our operations under these
agreements; our inability to create or maintain an effective direct
sales and marketing infrastructure or to partner with third parties
that offer such an infrastructure for distribution of ARIKAYCE or
any of our product candidates that are approved in the future;
failure to successfully conduct future clinical trials for
ARIKAYCE, brensocatib, TPIP and our other product candidates and
our potential inability to enroll or retain sufficient patients to
conduct and complete the trials or generate data necessary for
regulatory approval of our product candidates or to permit the use
of ARIKAYCE in the broader population of patients with MAC lung
disease, among other things; development of unexpected safety or
efficacy concerns related to ARIKAYCE, brensocatib, TPIP or our
other product candidates; risks that our clinical studies will be
delayed, that serious side effects will be identified during drug
development, or that any protocol amendments submitted will be
rejected; failure to successfully predict the time and cost of
development, regulatory approval and commercialization for novel
gene therapy products; the risk that interim or partial data
sets are not representative of a complete or larger data set or
that blinded data will not be predictive of unblinded data; the
risk that interim, topline or preliminary data from our clinical
trials that we announce or publish from time to time may change as
more patient data become available or may be interpreted
differently if additional data are disclosed; risk that our
competitors may obtain orphan drug exclusivity for a product that
is essentially the same as a product we are developing for a
particular indication; our inability to attract and retain key
personnel or to effectively manage our growth; our inability to
successfully integrate our recent acquisitions and appropriately
manage the amount of management's time and attention devoted to
integration activities; risks that our acquired technologies,
products and product candidates are not commercially successful;
inability to adapt to our highly competitive and changing
environment; inability to access, upgrade or expand our technology
systems or difficulties in updating our existing technology or
developing or implementing new technology; risk that we are unable
to maintain our significant customers; risk that government
healthcare reform materially increases our costs and damages our
financial condition; business or economic disruptions due to
catastrophes or other events, including natural disasters or public
health crises; risk that our current and potential future use of AI
and machine learning may not be successful; deterioration in
general economic conditions in the US, Europe, Japan
and globally, including the effect of prolonged periods of
inflation, affecting us, our suppliers, third-party service
providers and potential partners; the risk that we could become
involved in costly intellectual property disputes, be unable to
adequately protect our intellectual property rights or prevent
disclosure of our trade secrets and other proprietary information,
and incur costs associated with litigation or other proceedings
related to such matters; restrictions or other obligations imposed
on us by agreements related to ARIKAYCE, brensocatib or our other
product candidates, including our license agreements with PARI and
AstraZeneca AB , and failure to comply with our obligations under
such agreements; the cost and potential reputational damage
resulting from litigation to which we are or may become a party,
including product liability claims; risk that our operations are
subject to a material disruption in the event of a cybersecurity
attack or issue; our limited experience operating internationally;
changes in laws and regulations applicable to our business,
including any pricing reform and laws that impact our ability to
utilize certain third parties in the research, development or
manufacture of our product candidates, and failure to comply with
such laws and regulations; our history of operating losses, and the
possibility that we never achieve or maintain profitability;
goodwill impairment charges affecting our results of operations and
financial condition; inability to repay our existing indebtedness
and uncertainties with respect to our ability to access future
capital; and delays in the execution of plans to build out an
additional third-party manufacturing facility approved by the
appropriate regulatory authorities and unexpected expenses
associated with those plans.
The Company may not actually achieve the results, plans,
intentions or expectations indicated by the Company's
forward-looking statements because, by their nature,
forward-looking statements involve risks and uncertainties because
they relate to events and depend on circumstances that may or may
not occur in the future. For additional information about the risks
and uncertainties that may affect the Company's business, please
see the factors discussed in Item 1A, "Risk Factors," in the
Company's Annual Report on Form 10-K for the year
ended December 31, 2023 and any subsequent Company filings
with the Securities and Exchange Commission (SEC).
The Company cautions readers not to place undue reliance on any
such forward-looking statements, which speak only as of the date of
this press release. The Company disclaims any obligation, except as
specifically required by law and the rules of the SEC, to publicly
update or revise any such statements to reflect any change in
expectations or in events, conditions or circumstances on which any
such statements may be based, or that may affect the likelihood
that actual results will differ from those set forth in the
forward-looking statements.
Contacts:
Investors:
Bryan Dunn
Vice President, Investor Relations
(646) 812-4030
bryan.dunn@insmed.com
Michael V. Morabito, Ph.D.
Director, Investor Relations
(917) 936-8430
michael.morabito@insmed.com
Gianna De Palma
Manager, Investor Relations
(973) 886-2236
gianna.depalma@insmed.com
Media:
Mandy Fahey
Vice President, Corporate Communications
(732) 718-3621
amanda.fahey@insmed.com
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SOURCE Insmed Incorporated