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 […]
Inspire Medical Systems Inc.
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 […]
Inspire Medical names former Abbott CTO as new COO
Obstructive sleep apnea therapy developer Inspire Medical Systems (NYSE:INSP) announced today that it appointed industry veteran Phil Ebeling as its new COO. The company’s new COO is taking on responsibilities including oversight and leadership of operations, quality assurance, clinical research, regulatory affairs and business development activities, according to a news release. Ebeling most recently served as […]
Inspire Medical up on Q1 mixed bag
Inspire Medical Systems (NYSE:INSP) shares ticked up today on mixed first-quarter results compared to the consensus forecast. The Minneapolis-based company posted losses of -$16.2 million, or -67¢ per share, on sales of $21.3 million for the three months ended March 31, 2020, nearly doubling last year’s losses of -$8.3 million despite sales growth of 31.4%. Adjusted […]
Inspire soars on Q1 sales projection
Inspire Medical Systems (NYSE:INSP) shares shot up more than 8% today on a first-quarter revenue projection of approximately $21.3 million, up 31% from the $16.3 million it pulled in during the first quarter of 2019. Shares of INSP were up 8.2% at $68.61 per share in mid-afternoon trading today. Inspire also withdrew its full-year guidance today […]
Inspire Medical Systems posts Street-beating Q4 results
Inspire Medical Systems (NYSE:INSP) posted fourth-quarter results that beat the consensus on Wall Street. The Minneapolis-based company reported losses of $9.1 million, or -38¢ per share, on sales of $26.9 million for the three months ended Dec. 31, 2019, for a sales growth of 62.5% compared with Q4 2018. Earnings per share were -38¢, 2¢ ahead […]
These 10 medtech companies care a lot about research
These 10 medical device companies spent the largest portion of their budgets on research and development. Here’s a look at what they produced. Each year, Medical Design & Outsourcing compiles a list of the top 100 medical device companies across the globe and ranks the companies based on annual revenue for the most recent fiscal year. We […]
More reimbursement wins for Inspire Medical Systems
Inspire Medical Systems (NYSE:INSP) said yesterday that it received two additional draft Local Coverage Determinations for its minimally invasive therapy for sleep apnea. The latest proposals were issued by National Government Services and CGS Administrators, which represent a combined 12 states. The companies have different public comment periods, with NGS’s running from Sept. 26 to Nov. […]
Inspire Medical adds more LCDs
Inspire Medical Systems (NYSE:INSP) yesterday said, for the second time this week, that two local coverage determination drafts were published for coverage of its sleep apnea therapy. Inspire Medical had two LCDs published August 26 by Medicare contractors Noridian Medicare and Palmetto GBA. Yesterday the Minneapolis-based company said Novitas Solutions and First Coast Service Options also […]
