Insmed raises $25.7M in direct offering

Insmed Inc. (NASDAQ:INSM) raised $25.7 million through the sale of 6.3 million shares at $4.07 to new investors Ayer Capital and RA Capital and existing investor Quaker Partners. The offer price matches Insmed's close on Thursday, before the offer was announced. Insmed was up $0.48 (12%) to $4.55 on Friday. ...