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Envoy Medical expands FDA trial for fully implanted cochlear implant, raises $78M, and cuts $32M debt

Company Fundamentals
23 Mar 2026
Newsfile Corp
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Bullish
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Envoy Medical received FDA approval to expand its pivotal clinical trial for the fully implanted Acclaim® Cochlear Implant to the final stage, marking significant progress in its development. The company also strengthened its financial position by extinguishing over $32 million in debt and completed a $78 million capital raise led by institutional investors. Enrollment in the 56-patient pivotal trial has been completed, and Envoy plans to submit its PMA application to the FDA as it continues to gather data. This advancement positions Envoy Medical to potentially revolutionize hearing health with its innovative fully implanted hearing solutions.

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