PriceSensitive

Nuheara (ASX:NUH) receives ethics approval to begin clinical trials

Technology
ASX:NUH      MCAP $21.75M
15 September 2021 10:40 (AEST)

Nuheara (NUH) has received ethics approval from the Australian Hearing Human Research Ethics Committee (AHHREC) to commence its medical device clinical trial.

Nuheara has been working to develop multi-functional, personalised, intelligent hearing devices that augment a person’s hearing.  

This follows the company’s recent announcement that it engaged with the National Acoustics Laboratories to conduct a clinical trial to test the safety and effectiveness of Nuheara’s newly developed range of hearing products.

The company said this supports its planned expansion into clinically tested and regulatory approved medical devices.

Nuheara Co-founder, Managing Director and CEO Justin Miller said National Acoustics Laboratories has now commenced recruiting for Nuheara’s medical device clinical trial.

“We look forward to receiving the results of this trial, which we believe will support Nuheara in expanding its global hearing solutions by meeting hearing aid compliance requirements initially with the U.S. Food and Drug Administration, the European Union and the Australian Therapeutic Goods Administration.”

“Receiving regulatory approval will open substantial new market opportunities for Nuheara in the US, Europe and Australia.”

Nuheara shares were down 3.33 per cent, trading at 2.9 cents at 11:20 am AEST.

Related News