
Image Credit: Inspire Medical
This week Inspire’s shares dropped by 32% after it cut its full-year sales outlook by $42.5M below the outlook Inspire issued three months ago. Inspire also expected income to be in the range of 40 to 50 cents a share, well below its previous guidance for $2.20 to $2.30 per share.
Inspire blamed the slower-than-expected rollout of Inspire’s new Inspire V system and the disclosure that patients may be delaying implant of the Inspire device as they first try GLP-1 weight-loss drugs, some of which are now approved by FDA to treat obstructive sleep apnea.
Obesity is a cause of a number of diseases that are now treated with implantable medical devices. It is no surprise that GLP-1 drugs, which have gained enormous popularity for their effectiveness in weight loss, would be seen by patients and medical providers alike as a first alternative to using invasive devices.
I believe that this trend will impact the AIMD industry as GLP-1 drugs (which are not without major downsides) take precedence ahead of implantable devices in the treatment of hypertension, cardiovascular diseases, neurological diseases, and autoimmune diseases.