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Exhibit 23.3
Consent of Independent Auditors
We consent to the incorporation by reference in this Registration Statement on
Form S-1 of our report dated June 2, 2000, with respect to the consolidated
financial statements of Celtrix Pharmaceuticals, Inc., which report appears in
Amendment No. 1 to the Registration Statement (Form S-1 No 333-46552) and
related Prospectus of Insmed Incorporated, and to the reference to our firm
under the caption "Experts" in the Prospectus.
/s/ Ernst & Young LLP
Richmond, Virginia
October 20, 2000
