“Heck Yeah” FDA OTC Hearing Aid Proposal Music to Ears of Consumers, InnerScope Hearing Technologies Inc. (INND)

November 9, 2021

November 9, 2021 13:08:48
  • FDA wants a new category of OTC hearing aids for people with mild to moderate hearing losses that generally go without any hearing assistance
  • The proposed regulation benefits InnerScope, a direct-to-consumer company selling innovative hearing products, including an FDA-registered Bluetooth app-controlled self-adjusting hearing aids
  • InnerScope has made two substantial acquisitions in 45 days, one completed with iHear Medical Inc. and HearingAssist, which expects $150+ million in revenue by 2024 anticipated to close this month.
Historically, hearing aids have been very expensive, bulky, and inexplicably lacking sufficient (if any) insurance coverage. But, finally, times are changing, and the FDA is spearheading a charge towards affordability and accessibility for up to 70 million Americans suffering from impaired hearing. So the timing couldn’t be better for InnerScope Hearing Technologies (OTC: INND) to be innovating in the market, offering its hearing aids and related goods on multiple websites and striking a deal to buy one of the biggest names in the business. Hearing loss is more damaging than may appear at first blush. It is a serious drag on quality of life, causing people to be withdrawn and embarrassed because they can be viewed as confused or uncooperative simply because they can’t hear well. As it happens, people with hearing loss are… Read More>> NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at https://ibn.fm/INND

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