Sleep apnea treatment developer Inspire Medical Systems has invested in two private companies with digital health tech that could better screen people for sleep problems. Minneapolis-based Inspire Medical is the maker of a minimally-invasive, implantable device that uses neurostimulation to treat obstructive sleep apnea. It made a $10 million minority equity investment in Madison, Wisconsin–based […]
Inspire Medical Systems Inc.
These 10 medtech companies’ stocks performed best in 2021
Following a year like no other in 2020, 2021 was when many looked to rebound — including the medtech industry. A number of medtech companies followed up a challenging, pandemic-enveloped year with impressive performances. Plenty of them had already proven in 2020 that they were capable of a quick bounce-back. Here are 10 medtech companies […]
Inspire Medical Systems beats The Street in Q4, expects strong 2022 sales despite COVID-19 impact
Inspire Medical Systems (NYSE: INSP) shares ticked up today on fourth-quarter results that topped the consensus forecast. The Minneapolis-based sleep apnea treatment developer posted losses of $2.4 million, or 9¢ per share, on sales of $78.4 million for the three months ended Dec. 31, 2021, for a bottom-line gain closer to breakeven on sales growth […]
These medtech companies care a lot about research
They’re making glaucoma-treating stents, tumor-treating fields, coin-sized CGMs and more. Discover the medtech companies that spend the most on research as a percentage of revenue. The list comes from our annual Big 100 report, which examines the world’s 100 largest medical device companies and ranks them by revenue. (Check out our full Big 100 report […]
Inspire Medical Systems says reimbursement questions cleared up at CMS
Inspire Medical Systems (NYSE: INSP) says CMS has answered some questions about how it will reimburse its implantable sleep apnea treatment device. The Golden Valley, Minnesota–based company announced on November 10 that CMS has published updated addendum files for the 2022 ambulatory surgery center payment system. The update included an assigned device offset percentage and […]
Inspire Medical Systems soars on Street-beating Q1, raised guidance
Inspire Medical Systems (NYSE:INSP) shares ticked up before hours on second-quarter results that topped the consensus forecast. INSP shares were up more than 12% at $210.95 per share by afternoon trading today. MassDevice‘s MedTech 100 Index, which includes the world’s largest medical device companies, saw little change. The Minneapolis-based obstructive sleep apnea therapy developer posted […]
Inspire Medical Systems beats The Street in Q1, raises guidance
Inspire Medical Systems (NYSE:INSP) yesterday posted first-quarter results that beat the earnings consensus on Wall Street and matched sales estimates. The Minneapolis-based company reported losses of -$16.216 million, or -60¢ per share, on sales of $40.352 million for the three months ended March 31, for a sales growth of 89.0% compared with Q1 2020. Earnings per […]
MedTech 100 roundup: Stocks show no signs of slowing down
The medtech industry hit further highs in the market last week and the stocks show no sign of stopping their ascent now. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — finished last week at 97.62 (Nov. 6), marking a 7.3% leap from the 91.01 points registered at the […]
DTW Podcast: Where will Intuitive find future growth? Abbott’s Moat on how population boom will boost demand
In this episode of the DeviceTalks Weekly Podcast, we’ll talk with Intuitive Surgical’s Julian Nikolchev, senior vice president, corporate development and strategy, and Dr. Oliver Keown, director of Intuitive Ventures, about the new $100 million venture fund. How will the capital be invested? Where does Intuitive see the opportunity, and how does the program fit […]
Inspire skyrockets on massive Q3 revenue beat, raised guidance
Inspire Medical Systems (NYSE:INSP) shares took an enormous leap on third-quarter results that came in well ahead of the consensus forecast. Shares of INSP were up 24.2% ($29.41) at $151.16 per share in mid-morning trading today. Inspire said in a news release that its strong performance in the third quarter and the encouraging implant activity trends […]
Inspire Medical wins coverage from Cigna
Inspire Medical Systems (NYSE:INSP) has announced that Cigna will provide insurance coverage for the company’s Inspire obstructive sleep apnea therapy beginning this week. Cigna insures approximately 16 million members in the U.S., the minimally invasive sleep apnea treatment developer noted. The addition of Cigna brings the total of insurance policies covering Inspire to 54, representing over […]
