Oticon said today it launched its internet-of-things connectible Oticon Opn hearing aid, touting its ability to handle noisy environments, reduce cognitive load for users and provide dual communication systems. The newly launched device is designed to handle multiple speech and noise sources, even in complex listening solutions, the Somerset, N.J.-based company said. The newly released hearing […]
Otolaryngology/Ear, Nose & Throat (ENT)
Hearing aid group William Demant looks for more retail deals
(CORRECTED June 8, 2016, to reflect that Costco slashed prices on its own-brand products, not Sonova’s, in 6th paragraph) (Reuters) – Hearing aid maker William Demant is looking for more retail acquisitions to increase control over the sale of its products and fight competition from discount chains such as Costco. The group will not hesitate to […]
Oticon launches 1st IoT-connected hearing aid
Oticon Medical said today it launched the Oticon Opn hearing aid which can connect to mobile phones and other external devices to stream audio, and the company claims is the 1st which can be “connected to the internet of things.” The Somerset, N.J.-based company says the newly released hearing aid features a 30% improvement in speech […]
EQT deals Atos Medical to PE shop for $946m
(Reuters) — Swedish buyout house EQT said yesterday that it sold its medical device business, Atos Medical, to private equity firm PAI Europe, with sources valuing the deal at about €850 million ($946 million). PAI Europe won the bid for Atos, which makes voice implants, EQT said in a statement, but the 2 parties agreed not to […]
EndoGastric Solutions launches EsophyX Z device designed to treat GERD
EndoGastric Solutions said today it launched its EsophyX Z device designed for treating gastroesophageal reflux disease, and that the device was used in its 1st treatment procedure. The 1st procedure was performed during a transoral incisionless fundoplication procedure at Cali.’s U.C. Irvine Health by Dr. Kenneth Chang, the Redmond, Wash.-based company said. “There are certain GERD […]
Intersect ENT wins expanded FDA approval for Propel Mini
Intersect ENT (NSDQ:XENT) said today it won FDA premarket approval for an expanded indication for its Propel mini steroid releasing sinus implant designed to treat patients undergoing frontal sinus surgery. The expanded indication from the Menlo Park, Calif.-based company will allow the company to market the placement of the Propel mini in the frontal sinuses […]
Aerin Medical closes $16.7m Series C
Nasal airflow device developer Aerin Medical said today it closed a $16.7 million Series C financing round which it operated in 2 separate stages. The company said an initial closing of $6.1 million was led by the Targeted Technology fund, with a 2nd closing of $10.6 million led by the KCK group. As part of the financing […]
Australia’s Cochlear wants to buy govt hearing service, raises profit outlook on soaring Chinese sales
(Reuters) – The Australian government said it is weighing a proposal from a consortium including hearing implant maker Cochlear Ltd. (ASX:COH) to buy a state-owned hearing service, a move likely to create headwinds from an electorate sensitive to privatised health. In a statement on Friday, Finance Minister Mathias Cormann said the government was approached by a […]
Intersect ENT logs German reimbursement win
Intersect ENT (NSDQ:XENT) said today it clocked a German hospital reimbursement win from InEk, Germany’s Institute for Hospital Remuneration System, for its Propel sinus implant. The propel device is a small steroid releasing implant designed to improve surgical outcomes for patients with chronic sinusitis undergoing ethmoid sinus surgery. “We believe that the robust clinical evidence […]
‘Invisible’ hearing aid maker Eargo raises $25m in Series B
Hearing device developer Eargo said it raised $25 million in a Series B funding round to support its ‘invisible’ in-ear hearing aid and aid Eargo in scaling business operations and accelerating production of products. The round of financing was led by New Enterprise Associates, Eargo said, though it did not name any other investors for […]
Advanced Bionics launches Naída CI Q90 sound processor
Sonova Holding AG‘s (SIX:SOON) subsidiary Advanced Bionics said today it launched its FDA and Health Canada cleared Naída CI Q90 sound processor in North America. The Q90 is the newest release from Advanced Bionic’s Naída line of cochlear implants, and offers the company’s smallest battery to date and new microphone technology that focuses on speech. […]