The article in todays WSJ reminds me of the time the EarLens made news in the mid 90s as ReSound was going public! My FB friends Darcy Benson, Carlos Baez and John H. Winstead will all remember how excited the venture/financial community was to hear about the new lens for the ear! Rodney Perkins has stayed with the product and now there is a company called Earlens Corp. to take the product to market. Wonderful that the venture community is believing in it! The Ears. A surge in interest in hearing problems led to $76.2 million in investment last year—the highest yearly total since $100.9 million was raised in 2008—followed by $114.4 million in just the first half of 2014. Some 30% of people age 65 to 74 are living with diminished hearing, according to the National Institute on Deafness and Other Communication Disorders. Venture investors have responded by backing such startups as EarLens Corp., which is working on a hearing device with potential to deliver higher-quality sound than hearing aids available today. The company will seek Food and Drug Administration clearance for the device.
Posted on: Mon, 15 Sep 2014 17:46:33 +0000
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