The share value of US rare diseases specialist Insmed (Nasdaq: INSM) more than doubled on Tuesday based on the top-line data from its Phase III CONVERT study.
Insmed’s amikacin liposome inhalation suspension (ALIS) met the primary endpoint in the trial of adult with treatment-refractory nontuberculous mycobacterial (NTM) lung disease caused by mycobacterium avium complex (MAC).
"A remarkable accomplishment in a rare disease state with no currently approved therapies"
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