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Sol J. Barer, Ph.D. Joins InspireMD Board of Directors
Date:7/13/2011

TEL-AVIV, Israel, July 13, 2011 /PRNewswire/ -- InspireMD, Inc. (OTC BB: NSPR) ("Inspire" or the "Company"), the developer of the MGuard™ mesh protective stent system, announced today that Sol J. Barer, a biotechnology industry veteran, and the founder and former Chairman, President, COO and CEO of Celgene, a Nasdaq-Listed Company (NASDAQ: CELG), has joined the Company's Board of Directors.

Dr. Barer brings to InspireMD over 30 years of experience with publicly traded biotechnology companies. In 1980, when Dr. Barer was with Celanese Research Company, he formed the biotechnology group that was subsequently spun out to form Celgene. Dr. Barer spent 18 years leading Celgene as President, COO and CEO, culminating with his tenure as Celgene's Executive Chairman and Chairman before retiring in June of 2011. Celgene's market capitalization at his retirement was approximately $27 billion.

Dr. Barer is a Director of Amicus Therapeutics, Inc., Aegerion Pharmaceuticals, Inc. and ContraFect Corp. and serves as a senior advisor to a number of other biotechnology companies. Dr. Barer also serves as Chairman of the Board of Trustees of the Biotechnology Council of New Jersey and is on the Board of Trustees of Rutgers University, the Brooklyn College Foundation and the Tourette Syndrome Association. Dr. Barer was previously the Commissioner of the New Jersey Commission on Science and Technology. Dr. Barer holds a Ph.D. in organic chemistry from Rutgers University and a bachelor's degree from Brooklyn College.

Asher Holzer, co-founder and President of InspireMD, commented, "It is an honor to add such an accomplished and recognized biotechnology leader like Sol Barer to our Board of Directors. I am confident we will benefit from Dr. Barer's experience, ex
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SOURCE InspireMD
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