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Envoy Medical, founded in 1995 and based in Minnesota, offers hearing loss solutions including hearing aids, middle ear implants, bone conduction devices, and cochlear implants.

The Acclaim® Cochlear Implant is a fully implanted device for adults with severe to profound hearing loss, using natural ear anatomy to capture sound, currently in final clinical trials for FDA approval.
Envoy Medical announced it received approval from the U.S. Food and Drug Administration (FDA) to expand the pivotal clinical trial for its fully implanted Acclaim® cochlear implant to its final stage. This decision followed promising three-month data from the initial ten trial participants and was viewed as a significant de-risking event, removing a key timing uncertainty for the company. The approval allowed Envoy to accelerate its expected commercialization timeline by three to six months and reduce its anticipated capital needs by $10–$15 million.
In a pivotal strategic move to solidify its financial foundation, Envoy Medical extinguished over $32 million in debt for a cash payment of just $100,000. This significant deleveraging was a deliberate decision to strengthen the company's balance sheet, reduce financial risk, and secure the necessary capital to advance its lead product, the investigational Acclaim® fully implanted cochlear implant, through its final clinical trial stage.
Overall rating: C-
| PEER | PRICE | |
|---|---|---|
IRIX | $0.91 | COMPARE |
HCTI | $0.52 | COMPARE |
CODX | $1.09 | COMPARE |
NVNO | $8.18 | COMPARE |
ADGM | $0.13 | COMPARE |
ADTX | $0.00 | COMPARE |
VVOS | $0.15 | COMPARE |
VSEE | $2.10 | COMPARE |