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Stock impact report

InspireMD Announces First Quarter 2019 Financial Results

InspireMD Inc. (NSPR) 
NASDAQ:AMEX Investor Relations: inspiremd.com/en/investors/investor-relations
Company Research Source: GlobeNewswire
On-Track to Submit U.S. IDE expected in Mid-2019 Company to Host Investor Conference Call at 8:00am ET TEL AVIV, Israel, May 14, 2019 (GLOBE NEWSWIRE) -- InspireMD, Inc. (NYSE American: NSPR), developer of the CGuard™ Embolic Prevention System (EPS) for the prevention of stroke caused by the treatment of carotid artery disease, today announced results for the first quarter ending March 31, 2019. First Quarter 2019 and recent highlights: Pre-clinical testing remains on track for U.S. IDE submission expected in mid 2019$5.8 million of cash as of March 31, 2019Subsequent to the end of the quarter, completed a follow-on offering of common stock that raised gross proceeds of approximately $2.5 millionPro-forma cash and equivalents expected to be sufficient to achieve key milestones through year-end Other developments: During the first quarter 2019, the Company’s third party sterilizer experienced equipment failures that resulted in significant interruption in product processing for Show less Read more
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