Inspire Pharmaceuticals (ISPH) 8-K Entry into a Material Definitive Agreement

Exhibit 10.2

PARENT GUARANTEE

Groupe Novasep SAS hereby absolutely and irrevocably guarantees to Inspire the prompt and full performance, as and when the same become due or performable, of all obligations, duties and liabilities of Finorga S.A.S. under the terms of the API Commercial Supply Agreement (Denufosol) between Inspire Pharmaceuticals, Inc. and Finorga S.A.S. dated as of December 14, 2010.

GROUPE NOVASEP SAS
By:	/s/ Jean-Yves Bauchot
Name:	Mr. Jean-Yves Bauchot
Title:	Chief Financial Officer
By:	/s/ Frédéric Beaupré
Name:	Mr. Frédéric Beaupré
Title:	Chief Legal Officer
Accepted by:
INSPIRE PHARMACEUTICALS, INC.
By:	/s/ Adrian Adams
Name:	Adrian Adams
Title:	President and Chief Executive Officer