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 […]
Inspire Medical Systems Inc.
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 […]
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 […]