INSM...Insmed Issues Statement Regarding IPLEX(TM) Approvable Letter Press Release
Thursday September 29, 6:45 am ET
RICHMOND, Va.--(BUSINESS WIRE)--Sept. 29, 2005--Insmed Incorporated (NASDAQ:INSM - News) today released the following statement: The company wishes to clarify a statement in the press release issued September 27, 2005 regarding iPlex (rhIGF-I/rhIGFBP-3) (Mecasermin rinfibate). With respect to the orphan exclusivity issue, Insmed wants to be clear that the FDA has not yet determined whether the recent approval and granting of orphan exclusivity for Mecasermin (rDNA origin) for Severe Primary IGF-1 deficiency will block the approval of iPlex. The Agency is still considering the issue.
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.