We Don't See FDA Approval of First Direct-to-Consumer Device as a Threat to the Hearing Aid Industry
We saw share prices tumble this week for publicly traded hearing aid manufacturers Sonova, William Demant, and GN, following the announcement by the U.S. Food and Drug Administration late last week that it would allow commercialisation of hearing "aids" manufactured by Bose directly to the consumer, bypassing professional audiologists. This isn't a particularly surprising development. Ever since the U.S. Congress' passage of the Over-the-Counter Hearing Aid Act in 2017, we've been anticipating a...GN Store Nord is an electronics communication products group based in Denmark. Co. is engaged in the manufacture and marketing of products for personal communication. Co.'s product offering includes hearing instruments, corded and wireless headsets, and audiologic diagnostics equipment used to test people's hearing and sense of balance. In addition, Co. offers products and accessories such as speakers, amplifiers, headset telephones, and adapters, as well as software and equipment for fitting hearing instruments. Co.'s operations are organized along two business divisions: GN Netcom (headsets) and GN ReSound (advanced hearing instruments).
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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