SYDNEY (AP) ? Bionic ear maker Cochlear has been forced to begin a global recall of the world’s thinnest hearing implants after some stopped working.
The Sydney-based company, which dominates the world’s bionic ear market, said on Monday it was mystified as to why some of its award-winning Nucleus CI500 devices were suddenly shutting down.
The company has begun recalling its entire Nucleus CI500 range, which makes up the bulk of its sales, from shelves after a rise in the number of faults with the CI512 model.
Shares in Cochlear fell 14.68 Australian dollars ($15.21), or 20 percent, to close at AU$57.50 ($59.58), the lowest in over two years.