Why did Auris Medical stock drop?

Why did Auris Medical stock drop?

Auris Medical Holding AG shares ears slumped 54% Thursday, after the company said a trial of a treatment for inner ear tinnitus failed to meet its goals. The Zug, Switzerland-based company said the TACTT2 trial with Keyzilen(TM) for acute inner ear tinnitus missed its primary efficacy endpoints.

Where is Auris Medical located?

Basel, Switzerland
About Auris Medical The Company was founded in 2003 and is headquartered in Hamilton, Bermuda with its main operations in Basel, Switzerland.

Why did ear stock drop today?

What happened. Shares of Eargo ( EAR -1.44% ), a hearing aid manufacturer, are sinking in response to the disclosure of a federal investigation the company made to investors after markets closed on Wednesday. The medical device stock was down 68.5% as of 10:40 a.m. EDT on Thursday.

Who bought Auris Medical?

Johnson & Johnson
Team that sold Auris Health to Johnson & Johnson for nearly $6 billion raises $300 million in ‘blank check’ IPO – Silicon Valley Business Journal.

Who owns Auris health?

Johnson & JohnsonAuris Health, Inc. / Parent organization

Should I invest in Eargo?

Is Eargo a buy right now? 3 Wall Street research analysts have issued “buy,” “hold,” and “sell” ratings for Eargo in the last year. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should “hold” Eargo stock.

Will Eargo stock go up?

Stock Price Forecast The 1 analysts offering 12-month price forecasts for Eargo Inc have a median target of 10.00, with a high estimate of 10.00 and a low estimate of 10.00. The median estimate represents a +141.55% increase from the last price of 4.14.

Is Auris owned by Johnson and Johnson?

Johnson & Johnson Announces Completion of Acquisition of Auris Health, Inc. New Brunswick, NJ – April 1, 2019 –Johnson & Johnson (NYSE: JNJ) announced today that Ethicon, Inc., has completed the acquisition of Auris Health, Inc. for approximately $3.4 billion in cash.

Is Ethicon publicly traded?

After World War II, Ethicon’s market share in surgical sutures rose from 15% to 70% worldwide. In the United States, the market share is approximately 80%. Ethicon conducts business in 52 countries….Ethicon.

Who manufactures Eargo?

Eargo is an American hearing aid manufacturer based in San Jose, California….Eargo.

Should I buy Eargo?

The consensus among Wall Street equities research analysts is that investors should “hold” Eargo stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EAR, but not buy additional shares or sell existing shares.

Is Eargo stock a good buy?

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Eargo with a $61.00 average price target.

What is the price prediction for Auris Medical Holding Ltd stock?

Auris Medical Holding Ltd quote is equal to 2.390 USD at 2022-01-07. Based on our forecasts, a long-term increase is expected, the “EARS” stock price prognosis for 2026-09-16 is 3.124 USD. With a 5-year investment, the revenue is expected to be around +30.73%.

Will Auris medical (ears) stock drop/fall?

The Auris Medical Holding stock price is 2.390 USD today. Will EARS stock price drop / fall? Yes. The Auris Medical Holding stock price may drop from 2.390 USD to 2.382 USD .

Is Auris medical holding’s (ears) stock in a bearish cycle?

According to present data Auris Medical Holding’s EARS shares and potentially its market environment have been in bearish cycle last 12 months (if exists). Currently there seems to be a trend where stocks in the Healthcare Manufacturing sector (s) are not very popular in this period.

Is there any available coverage of Auris medical holding?

There is no available coverage of Auris Medical Holding at this time. Primary metrics and data points about Auris Medical Holding. Learn more about CAPS!

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