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Acquisition (Tables) | 12 Months Ended
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Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Asset Acquisition | The following table summarizes the purchase price (in millions).
Shares of Insmed common stock issued on closing |  | $ | 9.25 |
Shares of Insmed common stock issuable on July 1, 2024 |  | 1.00 |
Total purchase price |  | $ | 10.25 |
Schedule of Consideration Transferred | The fair value of the consideration totaled approximately $165.5 million, summarized as follows (in thousands):
| Fair Value of Consideration
Cash consideration | $ | 10,500 |
Fair value of Insmed common stock issued | 71,570 |
Estimated fair value of contingent consideration liabilities | 69,706 |
Estimated fair value of deferred consideration | 13,700 |
| $ | 165,476 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table presents the allocation of the purchase price to the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date (in thousands).
| Purchase Price Allocation
Cash and cash equivalents | $ | 3,580 |
Intangible assets - IPR&D | 29,600 |
Fixed assets | 228
Other assets | 17
Liabilities assumed | (558) |
Deferred tax liability | (3,501) |
Fair value of net assets acquired | 29,366 |
Goodwill | 136,110 |
| $ | 165,476 |

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- Definition Tabular disclosure of asset acquisition. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 805 -SubTopic 50 -Name Accounting Standards Codification -Section 15 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480123/805-50-15-3 + Details
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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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