MINNEAPOLIS, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Inspire Medical Systems, Inc. (NYSE: INSP) (“Inspire”), a medical
technology company focused on the development and commercialization of innovative and minimally invasive solutions for patients
with obstructive sleep apnea, announced today that Blue Cross Blue Shield of North Carolina (“BCBSNC”) has issued a positive
coverage policy of Inspire therapy. This is the third coverage policy issued by a Blue Cross Blue Shield Association (“BCBSA”)
healthcare plan following BCBSA Evidence Street’s January 7, 2019 report, which stated that there is sufficient evidence to
determine that Inspire therapy results in a meaningful improvement in net health outcomes for patients meeting specified
criteria. BCBSNC, an independent licensee of BCBSA, is the state of North Carolina’s largest insurer and covers approximately
3.9 million members.
“We are very pleased to learn that Blue Cross Blue Shield of North Carolina has established a positive coverage based on the
published clinical evidence for the Inspire therapy,” said Tim Herbert, President and Chief Executive Officer of Inspire Medical
Systems. “The continued development of coverage policies implemented following the Evidence Street report and penetration of the
Blue Cross Blue Shield plans will improve access to Inspire therapy and further accelerate its adoption in the United States.”
About Inspire Medical Systems
Inspire is a medical technology company focused on the development and commercialization of innovative and minimally invasive
solutions for patients with obstructive sleep apnea. Inspire’s proprietary Inspire therapy is the first and only FDA-approved
neurostimulation technology that provides a safe and effective treatment for moderate to severe obstructive sleep apnea.
For additional information about Inspire, please visit www.inspiresleep.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical facts are forward-looking statements, including, without limitation,
statements regarding the potential impact of Blue Cross Blue Shield’s positive assessment, future positive insurance coverage and
adoption of Inspire therapy. In some cases, you can identify forward-looking statements by terms such as ‘‘may,’’ ‘‘will,’’
‘‘should,’’ ‘‘expect,’’ ‘‘plan,’’ ‘‘anticipate,’’ ‘‘could,’’ “future,” “outlook,” ‘‘intend,’’ ‘‘target,’’ ‘‘project,’’
‘‘contemplate,’’ ‘‘believe,’’ ‘‘estimate,’’ ‘‘predict,’’ ‘‘potential,’’ ‘‘continue,’’ or the negative of these terms or other
similar expressions, although not all forward-looking statements contain these words.
These forward-looking statements are based on management’s current expectations and involve known and unknown risks and
uncertainties that may cause our actual results, performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking statements. Such risks and uncertainties include, among
others: estimates regarding the annual total addressable market for our Inspire therapy in the U.S. and our market opportunity
outside the U.S., future results of operations, financial position, research and development costs, capital requirements and our
needs for additional financing; commercial success and market acceptance of our Inspire therapy; our ability to achieve and
maintain adequate levels of coverage or reimbursement for our Inspire system or any future products we may seek to commercialize;
competitive companies and technologies in our industry; our ability to expand our indications and develop and commercialize
additional products and enhancements to our Inspire system; our business model and strategic plans for our products, technologies
and business, including our implementation thereof; our ability to accurately forecast customer demand for our Inspire system and
manage our inventory; our ability to expand, manage and maintain our direct sales and marketing organization, and to market and
sell our Inspire system in markets outside of the U.S.; our ability to increase the number of active medical centers implanting
Inspire therapy; our ability to hire and retain our senior management and other highly qualified personnel; our ability to
commercialize or obtain regulatory approvals for our Inspire therapy and system, or the effect of delays in commercializing or
obtaining regulatory approvals; FDA or other U.S. or foreign regulatory actions affecting us or the healthcare industry generally,
including healthcare reform measures in the U.S. and international markets; and our ability to establish and maintain intellectual
property protection for our Inspire therapy and system or avoid claims of infringement. Other important factors that could cause
actual results, performance or achievements to differ materially from those contemplated in this press release can be found under
the captions “Risk Factors” and "Management’s Discussion and Analysis of Financial Condition and Results of Operations“ in our
final prospectus filed under Rule 424(b) on December 7, 2018, as such factors may be updated from time to time in our other filings
with the SEC, which are accessible on the SEC’s website at www.sec.gov. These and other important factors could cause actual
results to differ materially from those indicated by the forward-looking statements made in this press release. Any such
forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such
forward-looking statements at some point in the future, unless required by applicable law, we disclaim any obligation to do so,
even if subsequent events cause our views to change. Thus, one should not assume that our silence over time means that actual
events are bearing out as expressed or implied in such forward-looking statements. These forward-looking statements should not be
relied upon as representing our views as of any date subsequent to the date of this press release.
Investor and Media Contact:
Bob Yedid
LifeSci Advisors
bob@lifesciadvisors.com
646-597-6989
