- InnerScope Hearing Technologies recently announced that subsidiary HearingAssist’s products would be carried by RiteAid.com
- The distribution agreement with one of the nation’s leading drug store chains comes as InnerScope seeks to position itself to benefit from the upcoming OTC Hearing Aid Law
- The Hearing Aid Law will create a new category of hearing aids, available from any retailer without need of doctor appointments or fittings.
- The law will also see the average cost of these hearing aids decline significantly relative to their current cost – allowing for greater access from the over 40 million Americans unable to afford the product
InnerScope Hearing Technologies (OTC: INND), a disruptive manufacturer and distributor/retailer of direct-to-consumer and FDA registered Bluetooth-controlled hearing aids and personal sound amplifier products (“PSAPs”), recently announced that subsidiary HearingAssist would be launching its branded hearing products and related supplies on RiteAid.com. The announcement will mark yet another milestone for HearingAssist, a long-established leader in the direct-to-consumer hearing aid market, with the company having sold over 500,000 hearing aids since 2008 and generated upwards of over $72 million in top-line revenues from 2018 to 2021 whilst simultaneously transforming into Walmart’s largest hearing aid supplier in the process (https://ibn.fm/Bnm1E).
In October 2021, the FDA proposed its initial guidelines for the ground-breaking Over-The-Counter (“OTC”) Hearing Aid Law (“OTC Hearing Aid Law”); will see a new category of hearing aids created, which…
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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