Tel Aviv, Israel, May 16, 2018 (GLOBE NEWSWIRE) -- InspireMD, Inc. (NYSE AMER:NSPR), a leader in embolic prevention systems (EPS) / thrombus management technologies and neurovascular devices, today announced that it has received regulatory approval for the CGuard™ Embolic Prevention System (EPS) and MGuard Prime™ from the Ministry of Health in Ecuador. Both of these devices utilize the company's patented MicroNet™ technology.
In May of 2017 the company announced it had entered into an exclusive distribution agreement with CARDIOBENE S.A., a leading medical device distributor in Ecuador. The two companies have worked diligently to successfully secure these regulatory approvals. Sales for both products, CGuard™ EPS and MGuard Prime™, will commence immediately in Ecuador.
Patricio Arboleda Erazo, CARDIOBENE S.A., commented, "We have been working with key opinion leaders as well as the top hospitals in the country in anticipation of these approvals in order to start selling the products. The clinical advantages for both of these products is compelling and we expect our physicians to start using the products very quickly."
"This approval enhances our footprint across Latin America," said Agustin Gago, EVP and Chief Commercial Officer of InspireMD. "We are very excited to work with CARDIOBENE, one of the most successful distributors of endovascular products in Ecuador."
About InspireMD, Inc.
InspireMD seeks to utilize its proprietary MicroNet™ technology to make its products the industry standard for embolic protection and to provide a superior solution to the key clinical issues of current stenting in patients with a high risk of distal embolization, no reflow and major adverse cardiac events.
InspireMD intends to pursue applications of this MicroNet technology in coronary, carotid (CGuard™), neurovascular, and peripheral artery procedures. InspireMD's common stock is quoted on the NYSE American under the ticker symbol NSPR and certain warrants are quoted on the NYSE American under the ticker symbol NSPR.WS.
Forward-looking Statements
Investor Contacts: InspireMD, Inc. Craig Shore Chief Financial Officer Phone: 1-888-776-6804 FREE Email: [email protected] Crescendo Communications, LLC David Waldman Phone: (212) 671-1021 Email: [email protected]
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