Insmed

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AI Drug Discovery?
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AI Drug Discovery & Development
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Insmed Incorporated is a global biopharmaceutical company that leverages AI to enhance its research and development efforts. By employing AI algorithms, the company aims to design and optimize therapeutic proteins with enhanced efficacy and safety profiles. Its Deimmunized by Design (DbD) platform addresses immunogenicity challenges associated with gene therapies and protein therapeutics. 

The company developed ARIKAYCE (liposomal amikacin for inhalation), which is approved in the US, Europe, and Japan to treat chronic lung diseases. As of February 2024, the company had two drugs under Phase III and 13 drugs under Phase II and preclinical stages.  The company was exploring various ways to visualize disease processes using bioluminescent algae, which could provide real-time insights into drug effects and disease progression. 

Key customers and partnerships

In OCtober 2023, Insmed partnered with Google Cloud to use GenAI in drug discovery, development, and commercialization in the life sciences industry. The partnership aimed to leverage Google Cloud's AI technology to reduce the time and cost associated with developing and delivering new medicines. It aimed at focusing on drug discovery, development, commercialization, and enabling functions, with one to three projects identified under each area for completion within 18 months.

Funding and financials

In May 2023, the company raised USD 0.5 million in an equity investment from CureDuchenne Ventures to support the development of Insmed's gene therapy program. 

As a publicly traded company on the Nasdaq (ticker symbol: INSM), Insmed reported revenues of USD 305.2 million in 2023, accounting for a 24% increase from the previous year.

HQ location:
700 US Highway 206 Bridgewater NJ USA
Founded year:
1988
Employees:
501-1,000
IPO status:
Public
Total funding:
USD 3.8 bn
Last Funding:
USD 650.0 mn (Post IPO Equity; May 2024)
Last valuation:
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