Insmed Inc (INSM)

[windyducat]

zake,

I am currently interviewing three bio patent attorney's to ultimately get a qualified opinion on the ruling. Follows is what I wrote one attorney....so you can see what my intentions are.

Jim,

Thanks. Before we start I want to understand the cost....I am sure the more I pay the more I get. So my question will be around, what do I need to spend to get an opinion on the risk; the most likely legal outcome/scenarios and their probabilities, both in terms of rulings/decisions and times. Basically I will use this information manage my share position in the company.

End of message

My next step is a consulting visit/call to understand how he would handle my request, and to validate his credentials. I assume that have a standard protocol for this type of DD.

I have too much invested to not understand the associate risk with the patent ligation. Doing DD on the patent attorney is also important - if anyone knows of one they would recommend, I would appreciate a name.

I will keep you posted. Regards