Shares of Insmed Inc. (NASDAQ:INSM) traded today at $45.30, eclipsing its 52-week high. So far today approximately 113,000 shares have been exchanged, as compared to an average 30-day volume of 826,000 shares.
Insmed Inc. (NASDAQ:INSM) has potential upside of 10.7% based on a current price of $44.89 and analysts’ consensus price target of $49.69.
Insmed Inc is a global biopharmaceutical company transforming the lives of patients with serious and rare diseases. The company’s first commercial product is ARIKAYCE (amikacin liposome inhalation suspension), approved in the US for the treatment of Mycobacterium avium complex (MAC) lung disease as part of a combination antibacterial drug regimen for adult patients with limited or no alternative treatment options. The company’s earlier-stage clinical pipeline includes INS1007, a novel oral reversible inhibitor of dipeptidyl peptidase 1 with therapeutic potential in non-cystic fibrosis bronchiectasis and other inflammatory diseases, and INS1009, an inhaled formulation of a treprostinil prodrug that may offer a differentiated product profile for pulmonary arterial hypertension.
Over the past year, Insmed Inc. has traded in a range of $12.09 to $45.30 and is now at $44.89, 271% above that low.
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