InnerScope Hearing Technologies Inc (OTCMKTS:INND) Stock In Focus After Latest Development
If you are currently looking into companies with disruptive potential then you could do well to take a look into InnerScope Hearing Technologies Inc (OTCMKTS:INND).
Trading Data
On Friday, INND stock slumped 4.09% to $0.0071 with more than 20.76 million shares, compared to its average volume of 33.14 million shares. The stock moved within a range of $0.0070 – 0.0079 after opening trade at $0.0078.
InnerScope Hearing Technologies (OTC: INND) Announces its HearingAssist Brand of FDA-Registered OTC Rechargeable Hearing Aids on CVS.com
The company is currently one of the leading players in the over the counter hearing aid industry and back on December 22 it had made a significant new announcement. The company announced that its subsidiary unit HearingAssis, which is regarded as the most affordable OTC hearing aid brand in the United States, had launched an over the counter Rechargeable Hearing Aid. It should be noted that the product had been certified by the United States Food and Drug Administration.
However, that is not all. The company also announced that the new product had also been launched through as many as eight selected CVC Pharmacy outlets in Rhode Island and Massachusetts. In addition to that, it had also been launched on CVS.com and it makes it one of the latest products to have been launched on the pharmacy’s website.
On the other hand, the iHearing hearing aids from InnerScope Hearing Technologies are also available on the CVS.com website. The company believes that such listings would give the products a higher visibility.
Key Quote
“This latest launch of HearingAssist OTC Rechargeable Hearing Aids with CVS and on CVS.com is a result of our continuing efforts to execute our wholesale distribution plan,” said Matthew Moore, President, and CEO of InnerScope Hearing Technologies. “Having both InnerScope’s Hearing Assist and iHEAR OTC Hearing Aid brands listed on CVS.com and HearingAssist Rechargeable OTC Hearing Aids in eight selected CVS pharmacies expands InnerScope’s category presence within CVS’s OTC Hearing Aid market segment. We believe that when customers compare all the features of HearingAssist and iHEAR OTC Hearing Aids deliver against the cost and features of the other competitors, we will come out ahead.”
