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InspireMD, Inc. (NASDAQ: NSPR), located at 800 Boylston Street, Suite 16041, Boston, Massachusetts, is a pioneering medical device company. It specializes in the development and commercialization of its proprietary MicroNet stent platform technology, which addresses complex vascular and coronary diseases. The company's flagship products include the CGuard Carotid Embolic Prevention System (CGuard EPS) and the MGuard Prime Embolic Protection System (MGuard Prime EPS).
The CGuard EPS, which integrates MicroNet technology with a self-expandable nitinol stent, is primarily used for carotid artery applications and is a significant revenue driver for the company. InspireMD operates globally, with key markets in Italy, Germany, Russia, among others.
In a recent move, InspireMD has focused on expanding its intellectual property portfolio to support its strategic direction. October 2023 saw the Centers for Medicare and Medicaid Services (CMS) expand coverage for carotid artery stenting, including asymptomatic and standard-risk patients. This development is expected to enhance the adoption of InspireMD's products.
Additionally, in the third quarter of 2023, InspireMD reported its financial results and ongoing projects. They are currently enrolling patients in a study to investigate the safety and feasibility of using CGuard EPS for treating acute ischemic stroke patients with tandem lesions. This study is expected to enroll 15 patients across three U.S. sites.
CEO Marvin Slosman emphasized the importance of this study in addressing carotid lesions in acute stroke settings, marking a crucial step in their long-term growth strategy. The company also continues its work on the Premarket Approval Application (PMA) for the C-GUARDIANS U.S. IDE trial, anticipating key milestones in 2024 and 2025.
InspireMD's common stock is listed on the Nasdaq under the ticker symbol NSPR. For more information, visit their website at www.inspiremd.com.
InspireMD, developer of the CGuard™ Embolic Prevention System, reported a revenue increase of 231.6% in Q2 2021, totaling $1,038,000 compared to $313,000 in Q2 2020, driven by a recovery in procedural volumes. The gross profit rose to $262,000, with a gross margin of 25.2%. However, operating expenses increased by 59.2% to $3,702,000. The net loss for the quarter was $3,507,000 or $0.46 per share. The company initiated the “C-Guardians” IDE clinical trial, transferring its stock listing to Nasdaq to enhance investor access.
InspireMD (Nasdaq: NSPR) announced it will release its fiscal Q1 2021 financial results on August 10, 2021, before the market opens. A conference call will follow at 8:30 a.m. ET to discuss these results and corporate developments. Participants must pre-register to join, with options for telephonic or webcast access available. The company aims to establish its CGuard™ Embolic Prevention Stent System for treating carotid artery disease and ensure stroke prevention.
InspireMD (Nasdaq: NSPR) has initiated patient enrollment in the U.S. registration C-Guardian trial for its CGuard™ Embolic Prevention Stent System aimed at treating Carotid Artery Disease. The trial anticipates enrolling 315 patients, with the first successful cases completed at Ballad Health System under Dr. Chris Metzger's supervision. InspireMD aims to establish CGuard EPS as a leading stent device in the U.S. market, building on positive prior global outcomes and leveraging its MicroNet® technology for superior patient results.
InspireMD announced that CEO Marvin Slosman will present a corporate overview at the LD Micro Virtual Invitational Conference from June 8-10, 2021. The presentation is scheduled for June 9 at 11:30 AM ET on Track 3. Investors can register to watch the presentation here. The company aims to set its MicroNet® technology as the standard for carotid stenting, enhancing stroke-free outcomes. InspireMD's common stock trades on Nasdaq under the symbol NSPR.
InspireMD, Inc. has announced the approval for its warrants, previously traded on NYSE American, to be listed on the Nasdaq Capital Market. Trading under the new symbols NSPRW and NSPRZ is set to commence on June 8, 2021. The company focuses on developing the CGuard™ Embolic Prevention System to prevent strokes from carotid artery disease. InspireMD aims to set a new standard in carotid stenting with its proprietary MicroNet® technology.
InspireMD (Nasdaq-CM: NSPR) announces the commencement of its shares trading on The Nasdaq Capital Market as of May 21, 2021. The Company aims to enhance awareness, broaden its shareholder base, and improve trading liquidity to establish a standard of care in treating Carotid Artery Disease and stroke prevention. CEO Marvin Slosman emphasized the importance of this milestone in the Company's evolution. InspireMD utilizes its proprietary MicroNet technology to provide better outcomes in carotid stenting.
InspireMD, a developer of the CGuard™ Embolic Prevention System for stroke prevention in Carotid Artery Disease, will present at the Investor Summit Conference on May 17, 2021. Chief Executive Officer Marvin Slosman is scheduled to speak at 11:00am ET.
Investors are invited to request one-on-one meetings with Mr. Slosman post-conference. Registration for the event is available here.
InspireMD, a developer of stroke prevention technologies, has appointed Kathryn Arnold to its Board of Directors. With over 20 years in the medical device industry, Arnold's expertise in marketing and commercialization is expected to enhance InspireMD's strategic direction. Her previous experience includes leadership roles at Guidant and Kensey Nash. Arnold emphasized the need for effective solutions in carotid artery disease, noting the promising design of InspireMD's CGuard stent and its clinical performance data. InspireMD aims to establish its MicroNet technology as a standard in carotid stenting.
InspireMD, Inc. announced its successful up-listing to the Nasdaq Capital Market, effective May 21, 2021. The first quarter of 2021 showed a revenue decrease of 2.7%, totaling $1.006 million, with CGuard revenue remaining stable while MGuard Prime EPS revenue dropped by 41.3%. Gross profit fell by 64.1% to $106,000, and net loss increased to $3.243 million. The company raised $35.1 million through equity transactions. InspireMD is optimistic about the CGuard EPS's potential and plans for global expansion, especially in China.
InspireMD announced its shares will list on The Nasdaq Capital Market under the ticker NSPR, starting May 21, 2021. The transition aims to enhance investor access and align the company with its industry peers. CEO Marvin Slosman expressed confidence in this strategic move, highlighting the company's current strength and future prospects. InspireMD focuses on its CGuard™ Embolic Prevention System, utilizing proprietary MicroNet® technology for superior carotid stenting outcomes.
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