INND - Bold Moves By Biden Administration To Clear Way for InnerScope Hearing Technologies Inc.'s (INND) DTC Hearing Aid Sales
- Four largest hearing aid manufacturers currently control 84% of the market, according to Biden administration
- Biden signed an executive order directing the U.S. Department of Health and Human Services to consider OTC hearing aid sales
- InnerScope Hearing Technologies aims to disrupt the market through online sales of Direct-to-Consumer Bluetooth-powered self-adjusting rechargeable hearing aids
- InnerScope’s launches its hearing aids on FSAstore.com, HSAstore.com, and WellDeservedHealth.com consumers enrolled in flexible spending accounts (“FSA”), health saving accounts (“HSA"), and employers’ health incentive programs
- Company recently announced a six-month campaign across major networks, including Fox News, Fox Business Network, CNN, CNBC, Newsmax TV, MSNBC, Bloomberg
InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer (“DTC”) hearing technology space, recently launched a massive awareness campaign aimed at nearly 48 million Americans currently suffering from hearing loss (https://ibn.fm/ar3Mc). The campaign was in direct response to moves recently made by the Biden administration to liberalize the hearing aid market, part of a sweeping executive order signed by the president recently that proposed rules to allow hearing aid sales over the counter (https://ibn.fm/cSoed).
“A major driver of the expense is that consumers must get them from a doctor or a specialist, even though experts agree that medical evaluation is not necessary,” reads the executive order summary. “Rather, this requirement serves only as...
NOTE TO INVESTORS: The latest news and updates relating to INND are available in the company’s newsroom at http://ibn.fm/INND
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