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Insmed

2024 Annual Report

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Culture

People are
our purpose

Our people are our greatest strength. Together, we’re ready for what’s ahead.

Our mission

To transform the lives of patients with serious and rare diseases.

Our vision

To be a globally recognized leading biotechnology company that empowers great people to deliver, with a profound sense of urgency and compassion, life-altering therapies to small patient populations experiencing big health problems.

Our values

Guiding the actions we take each day.

Collaboration

We check our egos at the door and share ideas openly and candidly. When we disagree, we do so with respect and a willingness to listen.

Accountability

We are each responsible for ensuring that our actions align with our values.

Passion

We are driven to expect more than others think is possible and deliver excellence to our patients, fellow employees, and stakeholders.

Respect

We embrace our colleagues’ differences, recognize their contributions, and create a culture of empowerment and trust.

Integrity

We are committed to acting in an ethical, honest, and transparent manner in everything we do.

Highlights from our annual employee pulse survey

95%

of employees believe Insmed will be successful in the future

94%

of employees are inspired by the work we do

93%

of employees are proud to work at Insmed

90%

of employees said their coworkers consistently go the extra mile to achieve great results

90%

overall employee engagement score, reflecting the strength of connection employees feel toward their work, each other, and Insmed

Our impact

We feel a deep responsibility to make positive changes within our local communities.

At Insmed, our ambition extends well beyond delivering life-transforming medicines to patients with serious diseases. As we build the next great biotechnology company, we aspire to serve as an example within our industry for how a company should operate—including upholding a strong sense of responsibility in all aspects of our business.

2024 marked our strongest year of support for the communities in which we live and work, with a continued focus on our core areas of health, education, and human services. We increased funding for our key charitable recipients, enabling us to reach even more people in need. We continued to offer an employee matching gift program, allowing team members to double the impact of their giving, and also launched new initiatives, including a mentoring program with a local community college. Through Insmed Cares, our employee-led volunteer team, we held numerous in-person volunteer events near our Bridgewater, NJ, headquarters, and were excited to launch an Insmed Cares chapter in our San Diego location.

In October, we held our third annual Global Day of Good, a companywide day of service where Insmed employees volunteer in their respective communities simultaneously around the world. This has quickly become our signature giveback event, with more than 1,000 employees participating in 2024 to support projects such as painting murals for children’s hospitals, packing Thanksgiving meal kits, redecorating a teen center, painting and assembling playhouses, sorting donated clothes, and much more.

Stay tuned for our 2024 Responsibility Report, which will provide more details on how we uphold our commitments to all stakeholders as we grow.

2024 Giving Highlights

Donated

600

Patient Activity Kits

and

29

Hero Wagons for hospitalized children through Starlight Children’s Foundation

Starlight Children's Foundation

Created

Gifts of Good,

an employee benefit that allows team members to nominate a charity of their choice and vote on their favorites to receive one-time funding from Insmed

Supported

150+

nonprofits

Funded

Visions and Pathways’ Wellness Program to support overall wellbeing for disadvantaged youth and young adults

Visions and Pathways

Collected

15,000

in-kind donations

Gave more than

4,000

collective volunteer hours in a single day for our third annual Global Day of Good

Global Day of Good

Funded

40+

STEM workshops, reaching 1,100+ students through Students 2 Science

Students 2 Science

Our voices

As we gear up for this year, we asked employees: ‘What aspects of our culture make you ready for an ambitious 2025?’

Roopali Lakhe

Associate Director, Programming

“The potential to bring a major treatment to patients this year, while simultaneously pushing the boundaries to develop new therapies, fills me with anticipation and purpose. Driven by the unwavering dedication of the Biometrics Programming team, the impact of our work, and our collective passion for helping patients with rare diseases, I feel ready for a transformational 2025.”

Mo Sabbah

Director, Medicinal Chemistry

“I draw strength, inspiration, and a sense of purpose at Insmed, knowing that the work we do has a direct impact on the lives of patients around the world. It’s incredibly inspiring to work alongside outstanding colleagues, advancing early-stage research that could deliver groundbreaking medications to patients in the years to come.”

Fenna Gloggner

Director, Insights – EMEA

“Hearing firsthand from patients and healthcare professionals as part of my role is a constant reminder that what we’re working toward isn’t just a launch or a business milestone—it’s real people who need better options. I am also energized by our collaborative culture and the opportunity to work with such smart, passionate colleagues who genuinely want to make a difference and get us ready for everything that lies ahead.”

Diana McCormick

Senior Director, HR Business Partner – Commercial & Operations

“One of the greatest strengths we have at Insmed is how we show up for each other, especially when we are trying to solve a problem or tackle a really big issue. The people I work closely with have a way of making difficult work feel lighter in the ways we support each other, proactively address issues, exude positive energy, and demonstrate an unwavering commitment to patients.”

Yusuke Ohta

Senior Manager, Field Medical – Japan

“Expanding the Japan Field Medical team in 2025 will enhance our ability to help patients. Working alongside great colleagues in transformative ways, I am excited to have more opportunities to make a difference in patients’ lives.”

Barry Hammond

Director, Field Access Managers

“I draw strength from the support of my loved ones and the lessons I’ve learned from past experiences. Aspiration comes from setting goals and envisioning the positive impact I can have on myself and others.”

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Letter from the Chair & CEO

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2024 Annual Report