Insmed Inc (INSM)

[wjlknew]

The Tercica 8-K filed today fleshes out some of the details of the agreement, but the last paragraph states:

"The foregoing description is a summary of the material terms and is qualified in its entirety by the Settlement Agreement, a copy of which will be filed as an exhibit to Tercica’s next quarterly report on Form 10-Q."

It looks like we may have to wait a while longer for the real nitty-gritty.

There is one sentence though that appears for the first time:

"Alternatively, such opt-in party may elect to obtain the sole right to promote IPLEX for such indication and Insmed has agreed to supply IPLEX to such party under a separate supply agreement."

That sentence raises more questions than it answers, but it appears there may be some wiggle room for Tercica to obtain IPLEX from Insmed for the kids?