San Jose, California-based Eargo, Inc. (EAR) is a medical device company that markets and sells hearing aids in the United States. Its hearing aids are virtually invisible, rechargeable, and completely-in-the-canal devices indicated to compensate for mild to moderate hearing loss. The company sells its products direct-to-consumer and through omnichannel.
On August 16, 2022, the Food and Drug Administration (FDA) published a final rule that establishes a new category for over-the-counter (OTC) hearing aids, allowing consumers with perceived mild to moderate hearing impairment to purchase hearing aids directly from stores or online without the requirement of a medical exam, prescription or a fitting adjustment by an audiologist.
