Eargo up as FDA allows sale of over-the-counter hearing aids

Eargo

16/08/2022 15:11

** Shares of hearing aid maker Eargo Inc  EAR.O  rise ~11%
to $1.26
    ** U.S. FDA passes a rule that creates new category of
over-the-counter (OTC) hearing aids to be sold directly to
people with perceived mild-to-moderate hearing loss  urn:newsml:reuters.com:*:nL4N2ZS2TE
    ** Agency says OTC hearing aids could be available in
traditional retail and drug stores as soon as mid-October
    ** Close to 30 million adults in the U.S. could benefit from
hearing aid use - U.S. National Institutes of Health
    ** Stock down ~76% YTD 

 (Reporting by Mrinalika Roy in Bengaluru)
 ((mrinalika.roy@thomsonreuters.com;))