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Home » Cochlear Ltd.

Articles Tagged with ''Cochlear Ltd.''

Australia’s anti-trust watchdog clears Cohlear-Oticon revised deal

April 4, 2024
By Tamra Sami
Australia’s Competition and Consumer Commission said it will not oppose Cochlear Ltd.’s proposed acquisition of the cochlear implants business of Denmark’s Oticon A/S after the bone conduction businesses was removed from the deal.
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Cochlear and Sensorion combine drug and implant to enhance patient hearing

Aug. 29, 2023
By Bernard Banga
Cochlear Ltd. and Sensorion SA have published encouraging results on the combination of a molecule with a cochlear implant. Their proof-of-concept phase 2a study involved the combination of an orphan drug recognized in both Europe and the U.S. with cutting edge hearing aid implants to enhance the auditory capabilities of hearing aid users.
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Cochlear and Sensorion combine drug and implant to enhance patient hearing

Aug. 28, 2023
By Bernard Banga
Cochlear Ltd. and Sensorion SA have published encouraging results on the combination of a molecule with a cochlear implant. Their proof-of-concept phase 2a study involved the combination of an orphan drug recognized in both Europe and the U.S. with cutting edge hearing aid implants to enhance the auditory capabilities of hearing aid users.
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Hand dividing blocks spelling DEAL

UK’s antitrust agency takes exception to Cochlear-Oticon merger

June 30, 2023
By Mark McCarty
The U.K. Competition and Markets Authority (CMA) has declared its opposition to a proposed merger between Cochlear Ltd. And Oticon Medical A/S, two of the prime movers in the bone conduction implant space.
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Genio system - Nyxoah

Nyxoah raises $3M to develop neural modulation technology for treating sleep disorders

April 20, 2023
By Bernard Banga
Nyxoah SA reported it successfully raised $3 million to ramp development of its Genio technology for the treatment of obstructive sleep apnea. This fundraising took the form of private placement of shares on the Nasdaq. They were acquired by Sydney-based Cochlear Ltd., an existing Nyxoah shareholder.
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Hearing ear icon

Cochlear to acquire rival Oticon Medical for $121M

April 27, 2022
By Tamra Sami
Cochlear Ltd. will acquire Danish hearing implant company Oticon Medical A/S for AU$170 million (US$121 million) after parent company the Demant Group said it planned to exit its hearing implants business. Cochlear CEO Dig Howitt said that Oticon Medical is expected to add AU$75 to AU$80 million to Sydney-based Cochlear’s annual revenue, although Oticon Medical is currently “loss making.” In 2021, Demant’s hearing Implants saw revenue of $73 million.
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Illustration of Easee electrodes in woman's head

Epilepsy neurostim treatment secures Easee FDA breakthrough device designation

Feb. 23, 2022
By Catherine Longworth
A neurostimulation device developed to treat focal epilepsy has received breakthrough device designation from the FDA. Precisis AG’s Easee [Epicranial Application of Stimulation Electrodes] minimally invasive system is designed to deliver individualized brain stimulation without neurosurgery. The electrode is placed subcutaneously on the cranium and a current is applied to the affected brain area to prevent or mitigate seizures.
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Closeup of researcher holding electrode

Neo-Bionica brings together precision engineering with in-house manufacturing capability

May 14, 2021
By Tamra Sami
PERTH, Australia – The launch of Australia’s first medical device development and manufacturing facility in Melbourne is set to fast-track new treatments for people with conditions such as epilepsy, Parkinson’s disease, hearing loss, stroke and diabetes.
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Coronavirus aiming for man carrying piggy bank

Cochlear reports first loss in 25 years due to COVID-19, patent litigation

Aug. 21, 2020
By Tamra Sami
PERTH, Australia – Sydney-based Cochlear Ltd. reported its first loss in 25 years due to the COVID-19 pandemic and a patent battle loss in the U.S. For fiscal year 2020, which ended June 30, Cochlear reported a AU$238 million (US$170 million) loss in sales, down 186% from last year’s profit of AU$276 million.
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Australia map, flag

Stakeholders agree Australia should follow EU device essential principles, not IMDRF

June 12, 2020
By Tamra Sami
PERTH, Australia – The majority of stakeholders support the Therapeutic Goods Administration’s (TGA) proposal to restructure Australia’s device essential principles to align with the requirements under the new EU Medical Device Regulations (EU MDR), but there was little support to align with the International Medical Device Regulators Forum (IMDRF) essential principles and principles of labeling.
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