RICHMOND, Va.--(BUSINESS WIRE)--March 15, 2006--Insmed Incorporated (NASDAQ:INSM) today announced that the underwriters of its previously announced public offering, have exercised in full the option to purchase an additional 3,000,000 shares of Insmed’s common stock. The offering of 23,000,000 shares of common stock, including the over-allotment shares, closed on March 15, 2006. All of the shares in the offering were sold by Insmed.