Insmed reports Q3 EPS ($1.27), consensus ($1.22)

Reports Q3 revenue $93.4M, consensus $93.01M. “I am pleased with the progress the Company is making across multiple ongoing initiatives this quarter.” said CEO Will Lewis. “We remain on track to file our NDA for brensocatib in the fourth quarter of 2024 and continue to expect a potential U.S. launch in the middle of 2025. We have also made great progress on the clinical side, with the ENCORE and PAH studies nearing full enrollment. All of this has been accomplished while delivering yet another quarter of double-digit growth for ARIKAYCE in each of our three commercial regions. With our demonstrated ability to execute both clinically and commercially, and a strengthened balance sheet due to actions we have taken to lower our cost of capital while adding to our cash balance, we believe we are well-positioned to deliver on the tremendous opportunities ahead.”