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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Mon., Sep. 1, 3:28 AM

Slide #22. Insmed Incorporated Secondary Offering

Company: Insmed Incorporated (NASDAQ:INSM)
Date announced: 8/11/2014
Shares Offered: 8,900,000
Date of Pricing: 8/12/2014
Price Per Share: $11.25
Secondary Offering Details: Insmed Incorporated (NASDAQ:INSM) announced today that it has commenced an underwritten public offering of $80 million of its common stock. All of the shares of common stock in the offering are to be sold by Insmed. - updated 8/13 - Insmed Incorporated (NASDAQ:INSM) announced today that it priced an offering of 8.9 million shares of its common stock at a price of $11.25 per share in a registered underwritten public offering for gross proceeds totaling approximately $100 million. All of the shares in the offering are being sold by Insmed. Net proceeds to Insmed from this offering are expected to be approximately $94 million, after deducting underwriting discounts and commissions, and other estimated offering expenses payable by Insmed. The offering is expected to close on or about August 18, 2014, subject to the satisfaction of customary closing conditions.

Insmed develops and commercializes inhaled therapies for patients with lung diseases. Co.'s main product candidate, ARIKAYCE® (liposomal amikacin for inhalation), is an inhaled antibiotic treatment for lung infections. Co. is conducting a phase two clinical trial of ARIKAYCE in patients who have lung infections caused by non-tuberculous mycobacteria, and a two-year, open label safety study in patients that also completed its phase three clinical study of ARIKAYCE for cystic fibrosis (CF) patients with Pseudomonas aeruginosa (Pseudomonas) lung infections. Co. is also developing ARIKAYCE for Pseudomonas and other susceptible organisms causing lung infections in non-CF bronchiectasis patients.
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Company Name:  Insmed Inc
Website:  www.insmed.com
Sector:  Biotechnology
Number of ETFs Holding INSM:  14
Total Market Value Held by ETFs:  $29.35M
Total Market Capitalization:  $548.00M
% of Market Cap. Held by ETFs:  5.36%
 

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September 1, 2014    3:28 AM Eastern
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