Cochlear Limited ((CHEOF)) announced an update on their ongoing clinical study.
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Study Overview: Cochlear Limited is conducting a study titled ‘A Prospective, Repeated-measures Investigation to Validate Digital Speech Perception Endpoints in Adult Cochlear Implant Recipients Using the Mobile Research App.’ The study aims to validate speech perception assessments for adults with cochlear implants using a mobile app, which could significantly enhance the understanding and management of hearing loss.
Intervention/Treatment: The study tests the Mobile Research App (MRA), a device designed to deliver speech perception materials both in-clinic and at home. It streams speech material to cochlear implant recipients, allowing them to respond via the app, thereby facilitating a more flexible and accessible testing environment.
Study Design: This interventional study employs a non-randomized, parallel assignment model without masking. Its primary purpose is basic science, focusing on the feasibility and validation of the MRA in delivering speech perception tests.
Study Timeline: The study began on October 19, 2023, and is currently recruiting participants. The primary completion and estimated study completion dates are set for April 27, 2025, which marks the last update submission.
Market Implications: This study could positively impact Cochlear Limited’s stock performance by showcasing innovation in hearing loss management. It may also influence investor sentiment by positioning the company as a leader in integrating digital solutions within the hearing aid industry, potentially outpacing competitors who have not yet embraced similar technologies.
The study is ongoing, with further details available on the ClinicalTrials portal.