Insmed plummets on FDA prolonged hold on Arikace programme
This article was originally published in Scrip
Executive Summary
Shares of Insmed tumbled as low as 36.8%, or $1.60, on 10 October after the Monmouth Junction, New Jersey-based firm revealed the US FDA plans to continue the clinical hold placed on the company's Phase III trials for Arikace (liposomal amikacin for inhalation) in cystic fibrosis patients with Pseudomonas lung infections.