Sonova Holding AG announced that its Advanced Bionics (AB) cochlear implant subsidiary signed agreements settling the majority of current liability claims related to product malfunctions, eliminating much the uncertainty surrounding the financial impact outstanding civil suits would have on its financial results over the coming year. Among the claims was a highly publicized … [Read more...] about Advanced Bionics To Settle Majority Of Outstanding Cochlear Implant Claims
Advanced Bionics
Advanced Bionics And Phonak Cross-Fertilize Hearing Aid And Cochlear Implant Technologies
Sonova Group's acquisition of the Advanced Bionics cochlear implant business is starting to pay off. The recent integration of technologies developed by Sonova's Phonak hearing aid subsidiary into a new cochlear implant sound processor from Advanced Bionics foreshadows even more interesting products and features to come. The only question raised by this first-ever … [Read more...] about Advanced Bionics And Phonak Cross-Fertilize Hearing Aid And Cochlear Implant Technologies
Advanced Bionics Takes The Plunge With Waterproof Neptune Cochlear Implant Sound Processor
Advanced Bionics (AB), the cochlear implant maker owned by Sonova Group, may have been out of the market for a while due to a product recall last year, but it apparently used the time to catch back up with a hot new product that will pose some competitive headaches for the other cochlear implant makers. AB's new waterproof Neptune cochlear implant processor, the first … [Read more...] about Advanced Bionics Takes The Plunge With Waterproof Neptune Cochlear Implant Sound Processor
Sonova Reports 10 Percent Increase In Hearing Aid Sales And Resumes Cochlear Implant Shipments
Sonova Group, parent of the Phonak and Unitron hearing aid brands, issued a preliminary financial report announcing that its hearing-aid sales increased 10.1 percent in the 2010-2011 fiscal year, powered by strong market acceptance of its high-end hearing aids based on its new Spice sound processing hardware and software platform. The Swiss holding company also announced … [Read more...] about Sonova Reports 10 Percent Increase In Hearing Aid Sales And Resumes Cochlear Implant Shipments
Cochlear Ltd. Sales Increase Points To Growing Global Demand For Cochlear Implants, Including Bilateral Sets
Cochlear Ltd. reported a 16 percent increase in profits for the first half of its fiscal year on a 20 percent increase in unit sales of its cochlear implants, pointing to a strong recovery from the recession as well as a growing number of patients opting for a second implant to get bilateral hearing from both ears. Cochlear CEO Chris Roberts told The Wall Street Journal that … [Read more...] about Cochlear Ltd. Sales Increase Points To Growing Global Demand For Cochlear Implants, Including Bilateral Sets