InnerScope Hearing Technologies Inc. (OTCMKTS:INND) fell 8% after announcing a partnership with Health-E Commerce to provide their medical-grade, Direct-to-Consumer Hearing Aids and associated hearing products in HSAstore.com and FSAstore.com.
This will give access to the more than 70 million enrolled consumers in the health savings accounts and flexible spending accounts. Equally, the company has launched Direct-to-Consumer Hearing Aids at the online marketplace WellDeservedhealth.com. The marketplace serves individuals participating in health and wellness workplace incentive programs via their employer.
Health-E Commerce, the WellDeservedHealth.com, HSAstore.com, and FSAstore.com parent brand, is a consumer wellness and online health retailer in the tax-free US healthcare market. The brand helps families and individuals get value from health spending accounts.
Besides eligibility for an exclusive shopping experience that helps remove guesswork spending HAS and FSA funds, the company offers consumers product eligibility advocacy and education. For example, InnerScope’s Direct-to-Consumer Hearing Aids are eligible for HAS and FSA users. So, in the coming months, INND is worth watching.
Market Reaction:
On Thursday, INND stock fell 8.20% at $0.0118 with more than 76.39 million shares, compared to its average volume of 57.22 million shares. The stock has moved within a range of $0.0110 – 0.0140 after opening the trade at $0.0140.
