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Eargo, Hearx merge into one OTC hearing aid firm, receive $100M boost

Medical Technology News | MedTech Dive
Summary
Nutrition label

85% Informative

Eargo and Hearx have merged to create the over-the-counter hearing aid company LXE Hearing .

Hearx and Eargo competed for the OTC hearing aid market that the Food and Drug Administration created through the publication of a final rule in 2022 .

Eargo 's gross systems shipped fell from 45,136 in 2021 to 24,247 in 2022 , but reversed trend over the first nine months of 2023 .

VR Score

85

Informative language

82

Neutral language

64

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

17

https://www.sec.gov/Archives/edgar/data/1719395/000095010323015472/dp201999_ex9901.htmhttps://www.eargo.com/blog/eargo-news/the-future-of-hearing-Is-herehttps://www.medtechdive.com/news/companies-start-selling-over-the-counter-hearing-aid/629883/https://www.sec.gov/Archives/edgar/data/1719395/000095017023009521/ear-20221231.htm#:~:text=Our%20gross%20systems%20shipped%20during%20the%20year%20ended%20December%2031%2C%202022%20were%2024%2C247%2C%20compared%20to%2045%2C136%20during%202021https://www.medtechdive.com/news/eargo-ceo-otc-hearing-aid-rule-doj-settlement/628434/#:~:text=Eargo%20has%20already%20been%20selling%20direct%20to%20consumers%20at%20half%20the%20price%20of%20clinics%2C%20and%20I%20think%20that%E2%80%99s%20been%20part%20of%20our%20success.%20It%E2%80%99s%20still%20expensive.%20It%E2%80%99s%20still%20an%20investment.%20But%20our%20price%20is%20significantly%20lower.https://www.medtechdive.com/signup/?utm_campaign=Yahoo-Licensed-Content&utm_source=yahoo&utm_medium=referralhttps://www.medtechdive.com/news/bose-lexie-otc-hearing-aid/634115/https://www.sec.gov/Archives/edgar/data/1719395/000095017023060234/ear-20230930.htm#:~:text=Gross%20systems%20shipped%20during%20the%20nine%20months%20ended%20September%2030%2C%202023%20were%2018%2C613%20compared%20to%2015%2C384%20during%20the%20comparable%20period%20in%202022.https://www.sec.gov/ix?doc=/Archives/edgar/data/1719395/000114036124008279/ny20021593x2_8k.htmhttps://www.medtechdive.com/news/sony-begins-sale-otc-hearing-aids/634048/https://www.medtechdive.com/news/otc-hearing-aid-nuheara-NUH-510k-clearance-HP/635420/https://www.prnewswire.com/news-releases/eargo-and-hearx-close-merger-announce-new-combined-company-lxe-hearing-302415915.htmlhttps://www.medtechdive.com/news/fda-final-rule-OTC-hearing-aids/629769/https://lexiehearing.com/documents/lexie-b2-plus-press-release-Jan-2024.pdfhttps://www.medtechdive.com/news/apple-fda-hearing-aid-software-airpods/726933/?utm_campaign=Yahoo-Licensed-Content-rreditorial&utm_source=yahoo&utm_medium=newsfeedhttps://www.medtechdive.com/news/apple-fda-hearing-aid-software-airpods/726933/https://www.medtechdive.com/news/otc-hearing-aid-eargo-hearx-merge/744043/?utm_campaign=Yahoo-Licensed-Content&utm_source=yahoo&utm_medium=referral

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