If some block from a commercial operation called my company wanting me to get into all kinds of stuff, I'd tell him "we're in a quiet period", too.
What makes people think the company has to answer every Tom, #$%$ and Harry?
Who says he ever actually called the company until after they already said they were in a quiet period. He calls the company knowing full well they have already stated they won't respond then creates a false dialogue around it.
The purpose of a quiet period is to keep companies from using announcements to manipulate their share price. Why they announced it is a mystery because it signals to unsavory manipulators that they have a free hand in their antics. It occurs to me that it also gives them cover if there is something material coming out which they have a legal responsibility to report and they would rather stick it into the cc at earnings. My guess is that it's something material - possibly something that speeds up their revenue generation. Who knows?
I have other biotech stocks and that quiet period before a earnings call and hiding behind clinical data is really for suckers.How come everytime I think I will be able to get out just even since 2009 Insmed has a knack for screwing up things
One other thing. If they get FDA approval, under Obamacare providers will have to foot whatever the bill is for treating NTM as it will be the only approved treatment. In this scenario profits could be astronomical.