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SYMPHONIX REPORTS FAVORABLE INITIAL PHASE I DATA ON VIBRANT HEARING DEVICE IN IPO PROSPECTUS; $10 MIL. EARMARKED FOR RESEARCH AND FUTURE CLINICAL STUDIES

This article was originally published in The Gray Sheet

Executive Summary

Symphonix Devices is hoping that expanded clinical trials of its Vibrant "soundbridge" semi-implantable transducer system will validate the favorable data observed in a Phase I trial. The device is designed to aid patients with moderate to severe hearing impairment. In a preliminary prospectus for a $25 mil. initial public offering, the company estimates about 17 mil. people in the U.S. suffered from this condition in 1994.

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