Inspire Medical Systems board member retires

By Tamara Parker • Wednesday, July 22 13:05 • Permanent Link

Inspire Medical Systems said Casey M. Tansey will retire from its board on July 30, ending more than 18 years of service.

Tansey has served on the board since November 2007, when he led Inspire’s Series A financing through U.S. Venture Partners. The company said he was one of the first venture investors to recognize the potential of Inspire therapy for patients with obstructive sleep apnea.

Chairman and CEO Tim Herbert said Tansey has provided “valuable mentorship, leadership, and perspective” through the company’s founding, initial public offering, and later growth.

Inspire said it expects to name a replacement director in the near future. As a result of these announcements, the company's shares have moved -2.19% on the market, and are now trading at a price of $51.34. For the full picture, make sure to review Inspire Medical Systems's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.