Cochlear, Ltd issued a warning that the demand for cochlear implants may “struggle to pick up” in China, a top five market for the company, as the ongoing coronavirus crisis continues to cause delays and interruptions in business, Reuters reports.
“The longer it goes on, the greater the backlog across not only cochlear implants, but other surgical interventions and, therefore, the longer it will take to catch back,” Chief Executive Officer Digg Howitt was quoted in the article as saying.
According to Reuters, Cochlear reported underlying profit of A$132.7 million ($88.78 million USD) for the six months ended December 31, slightly above the A$132.1 million it posted a year earlier.
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Source: Reuters
