Tag: Christian Gormsen

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Eargo Stock Price Reels After News of DOJ Investigation

Eargo disclosed in a Securities and Exchange Commission filing that β€œit is the target of a criminal investigation by the Department of Justice related to insurance reimbursement claims the company has submitted on behalf of its customers covered by federal employee health plans.” Its stock price was as high as $76.75 in mid-February, but opened today at $6.60.

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Eargo Announces Discounts on Merchandise for Healthcare Workers

Eargo announced that they are doubling their commitment to healthcare professionals and their families by giving away β€œ1 million in value of their virtually invisible hearing aids.” This offer is an expansion of the company's previous commitment of $500,000 worth of value, as announced on March 30.

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