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InspireMD Reports Fourth Quarter and Fiscal Year 2013 Results
Date:9/17/2013

BOSTON, Sept. 17, 2013 /PRNewswire/ -- InspireMD Inc. (NYSE MKT: NSPR) ("InspireMD" or the "Company"), a leader in embolic protection stents, today announced financial results for its fourth quarter and fiscal year ended June 30, 2013.

Key Highlights

  • Enhanced executive management team and Board with key new appointments
  • Strengthened balance sheet with retirement of debt and $25 million capital raise in April 2013
  • Announced superior MASTER trial results and positive 30-day and 6-month data
  • Initiated enrollment in FDA-intended MASTER II trial
  • Upcoming Near-term Milestones

  • 12-month MASTER trial results to be released at Transcatheter Cardiovascular Therapeutics (TCT) Conference on October 29, 2013
  • Implementing tiered commercial strategy, including select direct sales activities in Europe
  • Initiating clinical activities with CGuard™ Carotid stent system
  • Commenting on the Company's recent activity, Alan Milinazzo, President and Chief Executive Officer of InspireMD, stated, "Since joining the Company earlier this year, I've looked to realign our efforts across multiple areas of the business in order to create a solid foundation for future growth.  We've identified four key areas of focus moving forward: clinical studies, development of new products in our pipeline, strategic partnerships and our commercial strategy. I believe these concentrated efforts will allow us to build broader awareness for our new generation of stent technologies with sales in countries where we already have market clearance, while working towards FDA approval."

    "The 12-month follow up results for the MASTER trial are to be announced on October 29th. This is the next major data point that most clinicians are looking for to validate use of the MGuard™ stent.  As such, we believe these results will facilitate our sales
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    SOURCE InspireMD
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