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Inspire Medical Systems Priced, NYSE: INSP

Sells an implanted device for treating obstructive sleep apnea.

Industry: Health Care

First Day Return: +56.1%

Industry: Health Care

We are a medical technology company focused on the development and commercialization of innovative and minimally invasive solutions for patients with obstructive sleep apnea. Our proprietary Inspire system is the first and only FDA-approved neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea. We have developed a novel, closed-loop solution that continuously monitors a patient's breathing patterns and delivers mild hypoglossal nerve stimulation to maintain an open airway. The safety and efficacy of our Inspire therapy is supported by a significant body of clinical data, which includes a publication in the New England Journal of Medicine and more than 40 peer-reviewed publications. Inspire therapy received premarket approval (PMA) from the FDA in 2014 and has been commercially available in certain European markets since 2011. Inspire therapy is indicated for patients with moderate to severe obstructive sleep apnea who do not have significant central sleep apnea and do not have a complete concentric collapse of the airway at the soft palate level. In addition, patients in the US must have been confirmed to fail or be unable to tolerate positive airway pressure treatments, such as CPAP, and be 22 years of age or older. Physicians have treated more than 2,800 patients with Inspire therapy at over 180 medical centers across the US and Europe.
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IPO Data
IPO File Date 04/06/2018
Offer Price $16.00
Price Range $14.00 - $16.00
Offer Shares (mm) 6.8
Deal Size ($mm) $108
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 05/02/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $108
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Maple Grove, MN, United States
Founded 2007
Employees at IPO 121
Website www.inspiresleep.com

Inspire Medical Systems (INSP) Performance