Do You Know Why Cochlear Shares Are Surging?

  • Nov 22, 2018 AEDT
  • Team Kalkine
Do You Know Why Cochlear Shares Are Surging?

Cochlear Limited’s shares are surging higher since the appointment of new Director on Board.

Earlier this week, Cochlear Limited (ASX: COH) announced that Abbas Hussain will join as the Director to the Cochlear Board on 1st December 2018.

Currently, Mr. Hussain is serving as a Non-Executive Director of CSL Limited and Immunocore Limited. On education front, Mr. Hussain holds the BSc Honours degree in Medicinal Chemistry and Pharmacology and a Graduate Diploma of Industrial Studies from Loughborough Institute of Technology, 1988. 

With over 30 years of experience in the pharmaceuticals company, Mr. Hussain has held senior executive levels roles in several companies including Global President, Pharmaceuticals at GlaxoSmithKline (GSK).

In the welcome address, Cochlear Chairman Mr. Rick Holliday-Smith stated Abbas Hussain is well-equipped to provide valuable strategic insight and has demonstrated strong values in customer focus which is intrinsic to Cochlear’s strategic platforms. He added Mr. Hussain’s career has been spent at the forefront of emerging markets including China and India, that represent key emerging markets for Cochlear.

Implantable hearing solutions provider Cochlear Limited recently announced the investment of A$21 million in a medical device company, Nyxoah.

Headquartered in Belgium, Nyxoah focuses on building innovative therapies based on neuro stimulation for the patients going through Obstructive Sleep Apnea (OSA).

Jan Janssen, Chief Technology Officer of Cochlear stated that Cochlear is constantly looking for novel technologies and implantable devices emerging into the medical market so that the company could leverage its core business. Mr. Janssen added that minimally invasive solutions offered by Nyxoah puts forward an attractive substitute for patients who find intolerance issues in currently underlying therapies.

Further, in early November, Cochlear and intelligent audio solutions provider GN Hearing inked a new agreement for the expansion of their ongoing Smart Hearing Alliance.

The alliance was established two years back in 2015 under which “best-in-class” hearing solutions are developed, providing access to seamless connectivity and wireless technology with cochlear implant in one ear, and a GN hearing aid in the other.

On the day of Mr. Hussain’s appointment news, i.e. 20 November 2018, Cochlear shares rebounded 1.737% and since then it has been trading at higher levels. Today, on 22 November 2018, Cochlear share price jumped by 2.846% or $4.630 to close at $167.290. The stock last traded at a PE of 38.070 x with market capitalization of $9.39 billion.

But over the past one year, COH stock has witnessed a negative performance change of 10.37% which has increased to 21.61% over the past three-months.


This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.




All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK