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INSP

Inspire Medical

$47.69

1.17 (2.52%)

08:24
01/14/19
01/14
08:24
01/14/19
08:24

Inspire Medical announces first BCBS coverage policy after positive report

Inspire Medical announced that Blue Cross of Idaho has issued a positive coverage policy of Inspire therapy. This is the first coverage policy issued following BCBS Evidence Street's January 7 report, which stated there is sufficient evidence to determine that Inspire therapy results in a meaningful improvement in net health outcomes for patients meeting specified criteria. In addition to Blue Cross of Idaho, an additional positive coverage policy became effective January 1 with Ascension Smart Health. These positive coverage decisions are a result of the large and growing body of clinical evidence supporting the use of Inspire therapy for the treatment of moderate to severe obstructive sleep apnea.

INSP Inspire Medical
$47.69

1.17 (2.52%)

05/29/18
BOFA
05/29/18
INITIATION
Target $36
BOFA
Neutral
Inspire Medical initiated with a Neutral at BofA/Merrill
BofA/Merrill analyst Bob Hopkins initiated Inspire Medical with a Neutral and $36 price target due to valuation.
05/29/18
STFL
05/29/18
INITIATION
Target $42
STFL
Buy
Inspire Medical initiated with a Buy at Stifel
Stifel analyst Jonathan Block started Inspire Medical Systems with a Buy rating and $42 price target, stating that his diligence with ENTs and Sleep Specialists identifies a significant opportunity for the company's Upper Airway Stimulation procedure to gain market share from more invasive surgical procedures. Block also believes the company's clinical data is likely robust enough to eventually win over commercial payors and sets a high hurdle for future competitors, he tells investors.
10/29/18
LEER
10/29/18
INITIATION
Target $57
LEER
Outperform
Inspire Medical initiated with an Outperform at Leerink
Leerink analyst Richard Newitter started Inspire Medical with an Outperform rating and $57 price target. The analyst sees it as a sustainable ultra high-growth/gross margin small-cap as the company drives higher utilization of its first and only FDA-approved neurostimulation device for obstructive sleep apnea, where current therapies have drawbacks and Inspire Medical's unique solution can offer patient benefits over them.
11/28/18
BREN
11/28/18
INITIATION
Target $31
BREN
Sell
Inspire Medical initiated with a Sell at Berenberg
Berenberg initiated Inspire Medical with a Sell and $31 price target.

TODAY'S FREE FLY STORIES

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