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Picton Mahoney boosts stake in biopharm company Insmed despite its recent financial loss.
Picton Mahoney Asset Management has increased its stake in Insmed Incorporated by 7.4%, acquiring 3,354 shares to hold a total of 48,897 shares valued at $3.37 million.
Insmed, a biopharmaceutical company with a market cap of $13.86 billion, reported a loss of $1.32 per share, worse than the expected loss of $1.17.
Its product, ARIKAYCE®, treats Mycobacterium avium complex (MAC) lung disease.
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Picton Mahoney aumenta la participación en la compañía de biofarmacéuticos Insmed a pesar de su reciente pérdida financiera.