Dublin medical tech player secures CE mark for tinnitus device

The company plans to launch the device in Ireland in December ahead of a wider European launch in early 2015.

Tinnitus affects 10pc of the UK population, according to the British Tinnitus Association, with 1pc reporting significant secondary symptoms, such as anxiety, depression and sleep deprivation.

At present there are limited avenues of treatment for subjective tinnitus sufferers and medical professionals alike.

The Mutebutton system has been developed to address significant patient and clinical needs. The product combines synchronous audio and lingual (tongue) stimulation to promote patient neuroplasticity.

Used for a minimum of 30 minutes a day over a 10-week period, the treatment has been shown to gradually reduce the sounds of tinnitus in clinical studies conducted by NUI Maynooth and the Hermitage Medical Centre Dublin.

“This certification is the culmination of 10 years of scientific and clinical research,” said Dr Ross O’Neill, chief executive of Neuromod Devices.

“The medical device CE mark is required for the approved sale of any medical device in Europe. It certifies the safety and efficacy of the Mutebutton tinnitus treatment and the competency of Neuromod Devices in being able to bring an approved medical device to market to treat this chronic condition.”  

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Article source: http://www.siliconrepublic.com/innovation/item/39498-dublin-medical-tech-player/

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Hearing aid maker Sonova posts lower profits after bold Costco deal


* H1 net profit of 173.6 mln Sfr vs 183 mln Sfr in Reuters
poll

* Maintains full-year sales, EBITA guidance

* Shares down 1.3 pct by 1335 GMT

(Adds analyst comment, edits)

By Katharina Bart and Ole Mikkelsen

ZURICH/COPENHAGEN, Nov 17 (Reuters) – The world’s largest
maker of hearing aids Sonova posted disappointing
first-half profits and a share buyback half the size of what was
expected, worrying investors about its strategy of boosting
market share by making deep discounts.

The Staefa, Switzerland-based company’s recent deal to sell
high-end hearing aids at rock bottom prices via U.S. warehouse
club Costco Wholesale Corp stepped up a price war in
the fiercely competitive $ 15 billion market for hearing
healthcare.

It also alienated independent shops that were Sonova’s
traditional outlets and angered its competitors: Danish rival
William Demant slashed its full-year targets last week,
blaming Sonova’s deal with Costco – which accounts for 10
percent of all devices sold in the U.S. private market according
to estimates by Bernstein Research.

Now the Swiss company looks as though it may also have
damaged itself by the Costco deal: Not only is it having to woo
back the independent shops that turned their back on its brands
following the U.S. partnership, but analysts believe it will now
be hard for Sonova to meet its full-year sales targets.

Sonova’s net profit rose 6.1 percent to 173.6 million Swiss
francs ($ 180.63 million) in the first half, lower than
expectations for 183 million francs in a Reuters poll of
analysts.

It said it still expects full-year sales to grow by 7-9
percent and earnings before interest, tax and amortisation
(EBITA) to increase by 11 to 15 percent in local currencies.

But Bernstein Research analyst Lisa Bedell Clive wrote: “We
see no conceivable way that Sonova can hit consensus full-year
expectations, and thus we expect earnings downgrades in the
coming days.”

In a note to investors she rated the stock at underperform
with a target of 115 Swiss francs, and also pointed out that
Sonova’s plan to buy back 500 million Swiss francs ($ 522
million) of its own shares in the next three years was only half
of what Bernstein had expected.

By 1321 GMT, Sonova shares had fallen 1.4 percent to 145
francs – investors disappointed also by its announcement that it
would only lift its dividend ratio to roughly 40 percent of its
earnings from 37 percent

“This has been an eye opener for the whole industry that a
leading hearing aid maker decided to sell its premium brand via
a low cost retail chain,” said Morten Imsgaard, an analyst with
Danish Sydbank.

While Siemens, GN Resound, and Demant all
sell through CostCo, hearing aid makers have typically reserved
their lower-end devices for discounters. Sonova has changed that
by selling a premium brand – Phonak – through the discounter,
which comes at the expense of independent audiologists and
so-called shop in shops, typically found in opticians or
pharmacies such as Boots.

Sonova, which is also struggling to convince investors it
can find success with a new range of hearing aids that connect
to mobile phones, said it was debt free and had funds to invest
in research and acquisitions.

It also said the strong Swiss franc against the U.S. dollar,
euro and Canadian dollar shaved 30.2 million francs off
first-half sales. It expects this impact to ease in the second
half.

(1 US dollar = 0.9611 Swiss franc)

(Reporting By Katharina Bart and Ole Mikkselsen. Additional
reporting by Caroline Copley in Zurich and Stine Jacobsen in
Oslo; Editing by Sophie Walker)

Article source: http://www.reuters.com/article/2014/11/17/sonova-hldg-results-idUSL6N0T70IU20141117

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Tinnitus Cure News: Natural Treatment that Aims to Cure Tinnitus Completely …

This Tinnitus Remedy Review offers excellent news for patients who suffer from tinnitus by presenting a treatment that has demonstrated great performance in curing these ear problems.

It can be simple for people to minimize hearing issues as “just” hearing problems. However, the truth is far from convenient: even though numerous hearing-impaired victims can actually perform very well at performing day-to-day activities, there is probably one aspect of living which still continues to elude them: interacting with people who enjoy no hearing impairments of any kind.

Tinnitus Remedy, a guide developed by ex-tinnitus sufferer Ian McCall that teaches people how they can permanently remove mild to severe tinnitus symptoms. Tinnitus Remedy has caught the attention of Shane Michaels, compelling an investigative review.

For more informations about Tinnitus Remedy visit the official website

“Tinnitus is a debilitating condition that affects 1 in 5 people,” states Michaels. “The continuous ringing of the ears can be enough to seriously affect sleep, work, and overall quality of life. Regrettably, many tinnitus victims are simply told that it will eventually go away or that it’s not really a big deal. Ian McCall’s Tinnitus Remedy guide presents real answers that give people relief from what they’re suffering with.”

When left untreated, tinnitus can result in damage of the cochlea, sinus problems, depression, trouble sleeping, and severe ear infections. After suffering with tinnitus for a couple of years, Ian McCall decided to take matters into his own hands. He spent years studying and perfecting a cure for tinnitus, and is now sharing it with tinnitus sufferers all over the world through the Tinnitus Remedy guide. In fact, the Tinnitus Remedy guide has already helped plenty of people around the world dramatically reduce or even remove their tinnitus in as little as 10 days. The guide offers remedies that can be effective even without expensive prescription drugs that only momentarily alleviate symptoms.

“The majority of people who suffer with tinnitus believe that they are stuck with taking expensive, and even toxic, prescription pills for the rest of their life, but this guide reveals them an entirely natural solution that can clear up their symptoms quickly and extremely efficiently,” said Michaels. “You really cannot put a price on the value of this guide for the sanity and relief it will offer those who battle with tinnitus.”

For more informations about Tinnitus Remedy Click Here

“Best of all, Ian McCall offers a 60-day money-back guarantee with every purchase of this guide, so clients pretty much have no risk involved with at least testing out this technique to see if it works for them.”

Disclaimer: The content in this press release is for information purposes only and should not be considered a substitute for medical advice. As always, you should consult with a qualified healthcare professional before starting or stopping any medication, nutritional supplement or protocols.

Media Contact
Company Name: Tinnitus Remedy
Contact Person: Ian McCall
Email: Send Email
Phone: 7895625753
Country: United States
Website: www.tinnitusremedy.com

Source: www.abnewswire.com

ReleaseID: 19506

Article source: http://www.9and10news.com/story/27420248/tinnitus-cure-news-natural-treatment-that-aims-to-cure-tinnitus-completely-tinnitus-remedy

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UK man hears Wi-Fi via hacked hearing aids

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Article source: http://www.business-standard.com/article/pti-stories/uk-man-hears-wi-fi-via-hacked-hearing-aids-114111600405_1.html

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Hearing aids stolen from 88-year-old retired fighter pilot

IRONDALE, Alabama – Someone stole the hearing aids of an 88-year-old WWII fighter pilot, and now Irondale police are trying to track down the devices, and the thief who stole them.

Paul Grodner, a retired torpedo bomber on the USS Enterprise, now lives at Kirkwood by the River retirement community on Ratliff Road. Sometime between June 1 and Oct. 27, someone took the hearing aids off his bedside table, said Irondale police Detective Michael Mangina.

The hearing aids are Beltone, and cost $ 5,000 with accessories. Grodner, Mangina said, can’t afford to replace them and can’t hear well without them.

Irondale police have searched area pawn shops, but haven’t yet found the hearing aids. They have not developed any suspects or leads, he said.

“Since we just celebrated Veterans Day, this theft case really peaked our attention and stuck out,” Mangina said. “What better way to honor this veteran than by locating his stolen hearing aids.”

Anyone with information on the missing hearing aids is asked to call Irondale police at 205-951-1381 or Crime Stoppers at 205-254-7777. Callers to Crime Stoppers can remain anonymous and are elibile for a possible cash reward.

“We are hoping the public will assist us in this theft,” Mangina said, “and help this WWII veteran.”

Article source: http://www.al.com/news/birmingham/index.ssf/2014/11/hearing_aids_stolen_from_88-ye.html

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Discount hearing aids could cost you

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Article source: http://www.consumerreports.org/cro/news/2014/11/discount-hearing-aids-could-cost-you/index.htm

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Group to offer tinnitus support


People with tinnitus are being invited to join a new support group in north Staffordshire.

The group is being set up by the charity DEAFvibe in Newcastle-under-Lyme.

Tinnitus is defined as the experience of sounds with no external source, most commonly ringing or buzzing.

Around 10% of sufferers say it has a significant impact on their quality of life, often linked to stress, anxiety or depression.

DEAFvibe spokeswoman Alison France said: “DEAFvibe are really pleased to be setting up this much-needed Tinnitus Support Group in north Staffordshire.

“Setting up this group will enable individuals to access the advice and support that they need to explore new ways of managing this condition and sharing their own experiences with others.”

The group is backed by the British Tinnitus Association (BTA).

BTA groups project manager Laura White said: “Tinnitus can be an isolating condition, with friends and family struggling to understand how it feels to adapt to the presence of loud or persistent noises.

“Being among people who have the problem, listening to their experiences and how they have managed to handle things, is a tremendous help for the individual.”

The first meeting will be held on November 13 at Bradwell Lodge Community Centre, with future meetings to be held on the second Thursday of every month.

There will be a membership fee of £2.50 per session. To find out more, email [email protected] or call Colin on 07894 701665.

Copyright (c) Press Association Ltd. 2014, All Rights Reserved.

Article source: http://www.daventryexpress.co.uk/news/regional/group-to-offer-tinnitus-support-1-6404717

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