Inspire Medical Systems shares dipped — but have since mostly recovered — following news of a government investigation following fourth-quarter results. As of midday today, INSP shares were up more than 2% to $185 apiece. (They were down more than 5% over the past five days.) The company disclosed yesterday evening that on Jan. 17, […]
Inspire Medical Systems Inc.
Inspire Medical sales grow more than 30% in Street-beating Q3, full-year guidance raised
Inspire Medical Systems (NYSE:INSP) shares are up today on third-quarter results that came in ahead of the consensus forecast. Shares of INSP were up more than 3% to $199.42 apiece by the afternoon today. Yesterday evening, the Minneapolis-based developer of neurostimulation technology for treating sleep apnea reported profits of $18.5 million. That equals 60¢ per […]
Inspire Medical beats The Street in Q2, ups guidance
Inspire Medical Systems (NYSE: INSP) continues to report good news, as sales grow for the maker of implantable neuromodulation devices to treat sleep apnea. Minneapolis-based Inspire earned $9.8 million, or 32¢ per share, on $195.9 million in revenue for the quarter that ended June 30, 2024. That compares with a loss of $11.9 million, or […]
Inspire Medical wins FDA nod for next-gen sleep apnea neurostim
Inspire Medical Systems announced today that it received FDA approval for its Inspire V therapy system. Inspire V includes a next-generation neurostimulator and associated Bluetooth patient remote and physician programmer. It marks the latest innovation for the Minneapolis-based obstructive sleep apnea (OSA) treatment developer. The pacemaker-like device delivers mild electrical stimulation to the hypoglossal nerve, […]
Inspire Medical stock ticks up on 30% Q2 sales growth, increased guidance
Inspire Medical Systems today announced preliminary second-quarter results that include 30% year-over-year revenue growth. Shares of INSP grew more than 5% to $132.56 in mid-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose slightly. The developer of neuromodulation tech for treating sleep apnea also […]
Inspire Medical appoints chief people officer
Inspire Medical Systems today announced it appointed Melissa Mann as Chief People Officer, effective immediately. Mann has over 25 years of experience in human capital management. She joins the Minneapolis-based sleep therapy company from UnitedHealth Group, where she served for eight years in its Optum division. There, she led the human capital teams for Optum […]
Inspire sleep apnea therapy wins CE mark under the MDR
Inspire Medical Systems announced today that its Inspire therapy has secured its CE mark under the EU’s Medical Device Regulation. Going into effect in 2021, the tighter regulations in the European Union have been a major challenge for medical device companies. With worries growing that medtech companies would pull products out of the EU because […]
Inspire Medical has a serious implantable pulse generator recall
The FDA labeled a recall of Inspire Medical Systems (NYSE:INSP) implantable pulse generators (IPGs) Class I, the most serious kind. Inspire initiated a recall of its IV IPG on June 17. The recall involves removing certain devices from where they are used or sold. It extends to 32 devices of the Model 3028 IPG. To […]
Inspire Medical stock falls despite 40% Q4 sales growth, Wall Street beats
Inspire Medical Systems (NYSE:INSP) shares took a hit today despite fourth-quarter results that beat the consensus forecast. Shares of INSP fell nearly 7% at $210.35 apiece in midday trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — stayed even. The Minneapolis-based maker of neuromodulation implants for […]
Inspire Medical CEO takes over as board chair
Inspire Medical Systems (NYSE:INSP) announced today that Marilyn Carlson Nelson retired as chair of the company’s board of directors. The Minneapolis-based sleep apnea treatment developer appointed current CEO Timothy Herbert to the additional role of board chair. Herbert’s appointment goes into effect after the company’s annual meeting of stockholders on May 2, 2024. Nelson became […]
Longtime Inspire Medical board member Dr. Jerry Griffin to retire
Inspire Medical Systems (NYSE:INSP) announced today that Dr. Jerry C. Griffin intends to retire from its board of directors. Griffin plans to retire at the conclusion of the company’s annual meeting of stockholders on May 2, 2024. The longtime director joined the Inspire board in 2008 as one of the original board members. He joined […]
