Eargo and HearX Merge to Form LXE Hearing
Eargo and HearX, maker of Lexie hearing aids, have merged to form LXE Hearing, a new over-the-counter hearing aid company.
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Nuheara Appoints John Luna as US CEO; Explores US Listing
Nuheara’s hearing device market presence in the US has been developing since the Company’s inception. In building brand awareness with Direct To Consumer (DTC) and traditional retail sales partners, the US currently holds the majority of Nuheara’s global sales and growth, according to the company.
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‘Forbes’ Article Ponders Hearables Market
In an article discussing the future of hearables, “Forbes” writer Frank Fitzpatrick ponders the future of the market once the FDA releases its guidelines for OTC hearing aids.
Google Alphabet ‘Wolverine’ Hearing Tech Project Aims to Improve Hearing in Noise
A new Google Alphabet project codenamed “Wolverine” aims to develop sensor technology to improve hearing while in a noisy environment, according to an article on “The Verge.”
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Ally Lending Partners with Eargo
Ally’s alignment with Eargo builds upon the company’s legacy and expanding footprint in business-to-business-to-consumer lending.
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Eargo Wins Comparably Award for ‘Best Company Culture’
Eargo, Inc (Nasdaq: EAR) a medical device company on a mission to improve the quality of life for...
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Eargo Reports Strong Sales in Third Quarter 2020
Eargo reported that net revenue was $18.2 million for the third quarter of 2020, compared to $7.7 million in the third quarter of 2019. The company says the increase was driven by an increase in consumer adoption of the Eargo hearing aid system and a decrease in sales return accrual rate.
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‘Forbes’ Article Highlights Eargo’s Recent IPO
Eargo raised $141 million during its recent IPO, according to an article on the “Forbes” website, “sending shares up 87% on its first day of public trading.”
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Eargo Inc Announces Upsized Pricing of IPO
Eargo, Inc. (“Eargo”), a medical device company dedicated to improving the quality of life of people with hearing loss, announced the pricing of its initial public offering of 7,851,852 shares of its common stock at a public offering price of $18.00 per share.
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Auditory Insight Research Shows Online Hearing Tests May Not Encourage People to Seek Treatment with Hearing Aids
Hearing aid companies report that patient usage of online hearing tests has increased by as much as 500% since the onset of the coronavirus pandemic in late March 2020.
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Eargo Announces $71 Million Series E Financing
Eargo announced the closing of a $71 million equity financing, led by new co-investors Gilde Healthcare and Longitude Capital, with existing investors New Enterprise Associates (NEA), the Charles and Helen Schwab Foundation, and Nan Fung Life Sciences, also participating in the round.
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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 “1 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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Eargo To Offer Support and Services Via Hotline and Website
To help all with hearing needs, Eargo has set up a hearing hotline at 1-800-885-HEAR which will be available Monday through Friday from 9 am-5 pm ET. Also available at no cost are hearing health educational resources that can be found at eargo.com.
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Eargo Featured in ‘Harvard Business Review’ Article
Author Eddie Yoon, a founder of Eddie Would Grow, wrote that “Eargo’s team are trained to talk about hearing loss not as a medical problem, but rather as a relational problem,” and ask callers about the quality of conversations with friends and family.
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Eargo Launches Neo HiFi
Eargo, a medical device company “dedicated to improving the quality of life of people with hearing...
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Preparing for OTC Hearing Aids
Unless you’ve been locked in your soundbooth for the past three years, you’re probably well aware that a new class of over-the-counter (OTC) hearing aids will get the green light from the US Food and Drug Administration (FDA) sometime around August 2020, with the notice of proposed rulemaking (NPRM) slated for this November.
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Preparing for OTC Hearing Aids
Unless you’ve been locked in your soundbooth for the past three years, you’re probably well aware that a new class of over-the-counter (OTC) hearing aids will get the green light from the US Food and Drug Administration (FDA) sometime around August 2020, with the notice of proposed rulemaking (NPRM) slated for this November.
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Eargo Raises Over $52 Million in Series D Funding Round
According to the company, it plans to use the resources from its new investment to further accelerate product innovation, increase awareness of hearing loss, and continue to enhance customer experience while driving growth in the domestic market.
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