Shares of Inspire Medical Systems fell more than 25% on August 5, 2025, after the company lowered its full-year revenue guidance and disclosed delays in the commercial rollout of its new 'Inspire V' system. Despite previously touting aggressive 2025 guidance and the availability of a CPT billing code in May, Inspire Medical Systems revealed that many treatment centers postponed adoption of the new system due to an inability to bill Medicare until July 1.
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