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EXHIBIT 23.2
Consent of Independent Auditors
We consent to the incorporation by reference in the Registration Statement on
Form S-8 pertaining to the Insmed Incorporated Employee Stock Purchase Plan of
our report dated January 13, 2000, with respect to the consolidated financial
statements of Insmed Pharamaceuticals, Inc. for the year ended December 31,
1999, which report appears in the Registration Statement on Form S-4 (No.
333-30098) and Prospectus of Insmed Incorporated, filed with the Securities and
Exchange Commission.
/s/Ernst & Young LLP
Richmond, Virginia
June 7, 2000
