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News  ›  GlobeNewswire Inc.

Inspire Medical Systems, Inc. (INSP) Faces Investor Suit Over Disastrous Inspire V Launch – Hagens Berman

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Hagens Berman
Inspire Medical Systems, Inc. (INSP) Faces Investor Suit Over Disastrous Inspire V Launch – Hagens Berman

Inspire Medical Systems is facing a class-action lawsuit alleging misleading investors about its Inspire V sleep apnea device launch, which resulted in significantly reduced earnings guidance and a 32% stock price decline.

Insights
JHPCY   neutral

Mentioned as a collaborative partner in surufatinib pancreatic cancer study with minimal contextual details


INSP   negative

Company experienced a disastrous product launch, 80% earnings guidance reduction, 32% stock price drop, and is now facing a class-action lawsuit for allegedly misleading investors about the Inspire V device's commercial readiness and market demand