Australia's Nuheara jumps as U.S. FDA to allow sales of hearing aids
17/08/2022 02:44
** Shares of hearing aids maker Nuheara Ltd NUH.AX jump as
much as 37.8% to A$0.255 - set to mark their biggest single-day
pct rise since July 20, if gains hold
** The U.S. Food and Drug Administration said it would allow
sales of Nuheara's hearing aids within OTC categories in stores
or online without a medical exam - co urn:newsml:reuters.com:*:nASX85MBCc
** NUH says co well positioned with its OTC hearing aids
products, which will be initially available at Best Buy retail
stores in the United States
** Shares hit their highest since July 26
** Stock down 43.9% this year, as of last close, vs a 4.6%
fall in the benchmark S&P/ASX 200 index .AXJO
(Reporting by Roushni Nair in Bengaluru)
((Roushni.Nair@thomsonreuters.com;))