- Eargo ( NASDAQ: EAR ) on Monday said it would partner with healthcare management solutions provider NationsBenefits to offer its over-the-counter hearing aids to its health plan members, starting Jan. 1, 2023.
- Shares of the micro-cap medical device company surged 18.7% to $0.73 in aftermarket trading.
- "NationsBenefits currently serves millions of members across the United States by partnering with managed care organizations to provide customizable healthcare solutions through a diverse offering of supplemental benefits," EAR said in a statement .
- The U.S. FDA in Aug. earlier this year said hearing aids could be sold without a prescription or a medical exam, and said some hearing aids would be allowed to be sold over-the-counter starting in Oct.
- The FDA's announcement had boosted EAR shares, along with other hearing aids makers.
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Eargo stock jumps ~19% after hours on hearing aids partnership with NationsBenefits