magicmine Insmed ( NASDAQ: INSM ) said it plans to submit a New Drug Application to the U.S. FDA for brensocatib as a treatment for the chronic lung condition bronchiectasis in Q4.

The decision follows additional positive results from the phase 3 ASPEN study. In late May, the company announced the candidate met its primary endpoint . The new 52-week forced expiratory volume over one second (FEV1) data indicates that brensocatib is associated with significantly less decline in lung function compared to placebo.

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