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Insmed, this week's pick on THE RUNWAY, has 17.9 months. That math holds at current burn, with no new financing. It held 1.16 billion dollars in cash against 779 million burned over twelve months. That burn is trailing twelve-month operating cash flow, cash as of June 29, 2026, and new financing resets it. This is simple division on the past, not a forecast of what happens next.

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The narration is AI-written from this episode's data and read by a synthetic text-to-speech voice. Not financial advice. Every number here is public — check it.

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