$INND: Over-the-Counter Hearing Aids to be Sold in Retail Stores and Pharmacies
InnerScope is Well-Positioned With its Network of Wholesale Retailers and Plans to Register its Hearing Aids in Compliance with FDA's OTC Final Rule for Over-the-Counter Hearing Aids to be Sold in Retail Stores and Pharmacies
ROSEVILLE, Calif., Aug. 16, 2022 (GLOBE NEWSWIRE) -- via InvestorWire – InnerScope Hearing Technologies Inc. (OTC: INND) ("InnerScope"), an emerging and disruptive leader in the Direct-to-Consumer Hearing Technology space and soon-to-be leading the way in the Over-the-Counter ("OTC") Hearing Technology space, is pleased to announce today that the FDA has released the "Final Rule" (FDA Finalizes Historic Rule Enabling Access to Over-the-Counter Hearing Aids for Millions of Americans | FDA) for creating a new category of Over-the-Counter hearing aids for perceived mild to moderate hearing losses to be sold directly to consumers in retail stores, pharmacies and online without a medical exam or being fitted by a hearing healthcare professional ("OTC Hearing Aid Law"). On or about October 16, 2022, sixty days after the Final Rule is published in the Federal Register (see Final Rule: 2022-17230.pdf (federalregister.gov), the OTC Hearing Aid Law will be enacted, allowing consumers to purchase OTC Hearing Aids right off the shelf directly from multiple retailers, including Big Box retailers and pharmacy chains.
