Cochlear impants - from India?By
Among companies producing technology to help people with profound hearing loss hear, Sydney-based Cochlear Ltd. has an almost Microsoft-like dominance. Last year I wrote a BW story about the Australian company, which is far and away the No. 1 producer of cochlear implants. And its 70% market share is now going to get even bigger, thanks to the news that its main rival, Advanced Bionics (owned by Boston Scientific) has had to issue yet another recall. This isn’t just a one-time problem for the American company, and not surprisingly Cochlear’s stock, which has been one of the hottest Aussie stocks around, soared today in Sydney following the news.
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