Biopharmaceutical firm Insmed Inc. said Wednesday
its independent accounting firm raised doubts at the beginning of March that the
company will be able to continue as a going concern. However on March 15, Insmed
said it had raised $42.8 million in net proceeds from a public offering of stock.
Along with current cash on hand, the company said it will be able to cover its
operational expenses through the second quarter of 2007.
The Houston Chronicle