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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 2000 Stock Incentive Plan of our
report dated January 13, 2000, with respect to the consolidated financial
statements of Insmed Pharmaceuticals, 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
