The InnerScope Hearing Technologies Inc stock has been on the move for quite a while and on Wednesday, the company also made a key announcement that could prove to be a boost. The InnerScope (OTC: INND) stock has emerged as one of the major gainers over the course of the past month and has clocked gains of as big as 150% during the period.
Yesterday, the company announced that it has updated the Medical Device Registration for its Class II Hearing Aid technology with the United States Food and Drug Administration. It is a significant development for the company since the Medical Device Registration with the FDA is the last step before it can launch its technology.
The Hearing Aid Technology in question is Air Conduction with Wireless Technology and the company is going to sell it directly to consumers. It is a major boost for the company and could provide it with another important revenue stream. Investors could consider keeping an eye on the InnerScope stock today.