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0.000660740028832203 0.000870975492551549 0.000510571840461194 0.00795891398366163 0.00267299375300332 0.00689271984622765 0.0091302258529552 -0.000390437289764523
Stock impact report

Insmed's ‘win streak' ends as top drug fails study in chronic nasal condition [Yahoo! Finance]

Insmed, Inc. (INSM) 
Last insmed, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.insmed.com
Company Research Source: Yahoo! Finance
A streak of positive news that pushed Insmed into the ranks of the most valuable biotechnology companies ended this week with the announcement of a failed clinical trial The company's share price dropped almost 17% to about $165 early Thursday, following the announcement late Wednesday. The stock, which was worth around $25 a year and a half ago, had vaulted above $200 in trading this week. The Phase 2b study focused on a drug called brensocatib, which Insmed already sells under the brand name Brinsupri to treat a lung disease known as non-cystic fibrosis bronchiectasis. The company had hoped to expand use of the medicine to include a chronic nasal condition, but researchers found no benefit for either of the two doses they tested. The results reversed what had been a fairly steady climb for Insmed since it first reported promising results for brensocatib in bronchiectasis in May 2024. The company won approval for the drug in August 2025 and then beat analyst estimates for thir Show less Read more
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