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Cochlear jumps 4.8 per cent on new implant device

Health Care, Technology
ASX:COH      MCAP $21.00B
15 April 2019 22:45 (AEST)

Cochlear Limited has announced the launch of the Nucleus Profile Plus Series Cochlear implant.

This is designed for routine 1.5 and 3 Tesla magnetic imaging scans without the need to remove it.

This means someone with the implant doesn’t need to remove the internal magnet when going for an MRI which makes the process easier and quicker.

Cochlear has also released the Nucleus 7 Sound Processor which is currently the first and only implant which can be controlled from a phone.

The Nucleus Profile Series also includes the thinnest implants in the world and a range of electrodes individually suited which will significantly impact hearing.

Currently, it is only available in Germany with other European countries expected to follow in the coming months and other developed markets expecting to launch after regularity approvals.

Please find announcement attached here

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