Insmed, Inc. (NASDAQ:INSM)
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Insmed Incorporated, a biopharmaceutical company, is focused on developing and commercializing novel, targeted inhalation therapies.
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Insmed Incorporated, a biopharmaceutical company, is focused on developing and commercializing novel, targeted inhalation therapies.
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Insmed stock has been volatile since the company first reported in August that the FDA had placed their phase III antibiotic on clinical hold due to a cancer signal in rat studies. The looming predicament of a non-existent pipeline is counterbalanced by the company's substantial cash reserves, 85M as of the last quarterly statement. The share price has been volatile, bouncing from 3 to 5 and back, and I've successfully red-thumbed twice. At the current low end of recent range, market cap of 77M is significantly lower than cash and I expect that cash position to provide a buffer to approaching broad market declines.