Inspire(US:INSP) Globenewswireยท2025-11-07 23:00Core Viewpoint - A class action lawsuit has been filed against Inspire Medical Systems, Inc. for allegedly misleading investors regarding the demand and launch of its implantable medical device for obstructive sleep apnea during the specified class period [1][3]. Summary by Sections Lawsuit Details - The lawsuit claims that during the class period from August 6, 2024, to August 4, 2025, Inspire Medical made false statements and failed to disclose poor demand for its product, leading to significant inventory issues and reluctance from providers to adopt the new treatment [3]. - The company allegedly assured investors that all necessary steps for a successful product launch were taken, which was later contradicted by the company's own admissions regarding incomplete training and onboarding at treatment centers [3]. Company Performance - On August 4, 2025, Inspire Medical disclosed that the launch of Inspire V was delayed due to many centers not completing required training and contracting, which affected the ability to bill for procedures [4]. - The company also revealed that the rollout faced poor demand due to excess inventory, resulting in a more than 80% reduction in its 2025 earnings guidance [4]. - Following this announcement, Inspire's share price dropped by $42.04, or approximately 32.35%, from $129.95 to $87.91 [4]. Investor Actions - Investors who suffered losses during the class period have until January 5, 2025, to request lead plaintiff appointment in the class action lawsuit [1]. - The lead plaintiff appointment process allows investors with the largest financial losses to represent the class, influencing case strategy and settlement decisions [6].