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Demant Issues Update on Neuro Zti Cochlear Implants

While uncertainties still exist, the company announced that it believes it has now identified the root cause of the issue, which is related to the manufacturing process and not the design of the implants. The company is currently working on implementing and verifying a solution to the issue to ensure high and consistent process quality, according to its latest announcement.

Reps. Thompson and McKinley Reintroduce Congressional World Hearing Day Resolution

The resolution, H.Res. 147, highlights the critical role hearing ability plays in personal health, relationships, professional success, education, and safety. The resolution also discusses the important role of professional intervention and evaluation through licensed hearing care providers—hearing aid specialists, audiologists, and otolaryngologists, who can recommend and assist with rehabilitation options, which may include medical intervention or the use of assistive hearing technologies like hearing aids.

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William Demant Reports 6% Growth from Previous Year in 2018 Annual Report

In William Demant’s 2018 Annual Report, the company details consolidated revenue for 2018 of DKK 13,937 million (approximately USD$2.1 billion), corresponding with what they say is a 6% growth rate from 2017. Organic growth was up by 7 percentage points, while acquisitive growth increased by 2 percentage points and exchange rate effects with -3 percentage points.

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