“Heck Yeah” FDA OTC Hearing Aid Proposal Music to Ears of Consumers, InnerScope Hearing Technologies Inc. (INND)
FDA wants a new category of OTC hearing aids for people with mild to moderate hearing losses that generally go without any hearing assistance The proposed regulation benefits InnerScope, a direct-to-consumer company selling innovative hearing products, including an FDA-registered Bluetooth app-controlled self-adjusting hearing aids InnerScope has made two substantial acquisitions in 45 days, one completed with iHear Medical Inc. and HearingAssist, which expects $150+ million in revenue by 2024 anticipated to close this month. Historically, hearing aids have been very expensive, bulky, and inexplicably lacking sufficient (if any) insurance coverage. But, finally, times are changing, and the FDA is spearheading…