Eargo is making solutions for hearing loss more accessible to everyone while innovating the devices to be practically invisible. Last month the brand launched its latest hearing aid, Eargo 7, which combines the high-tech and high-touch of high-end devices, at a more affordable price point.
Eargo disclosed in a Securities and Exchange Commission filing that “it 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.
Nuheara Limited announced that it has appointed John R. Luna as Global Business Development Manager, effective immediately.
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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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 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 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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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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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, a medical device company “dedicated to improving the quality of life of people with hearing...
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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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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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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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For the first time, Eargo is launching the Neo with a new form factor and a companion mobile app (available on iOS and Android in late January) that allows users to personalize their Eargo Neo experience through various new sound settings.
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Eargo Max is designed with an all-new chip set and operating system as well as “Flexi Domes,” that are designed to help decrease feedback and increase gain while preserving speech clarity, according to Eargo.
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The new investment was led by Nan Fung Life Sciences, a global investment platform focused on life sciences that’s a part of the Nan Fung Group, and also included investments from New Enterprise Associates (NEA), Charles and Helen Schwab, and Maveron.
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Silicon Valley-based Eargo has announced that it has raised $25M in Series B funding. This financing was led by NEA, a venture capital firm with expertise in technology and healthcare. The new funds allow Eargo to scale business operations and accelerate production of its hearing products.
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Hearables today do more than simply play music, according to TechCrunch.com, and data indicates that more companies are joining this technology trend, helping the hearables market grow to a predicted $5 billion by 2018.
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