COH on Australian Securities Exchange

Cochlear Limited

Logo: Cochlear Limited, Non-free logo, via Wikipedia5

Australian public company

Cochlear is a medical device company that designs, manufactures, and supplies the Nucleus cochlear implant, the Hybrid electro-acoustic implant and the Baha bone conduction implant. Based in Sydney, Cochlear was formed in 1981 as a subsidiary of Nucleus with finance from the Australian government to commercialise the implants pioneered by Dr. Graeme Clark, although the company later became separate. As of 2022, the company holds 50% of the cochlear implant market, with more than 250,000 people receiving one of Cochlear's implants as of 2015.3 Its shares trade on Australian Securities Exchange under the symbol COH.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1981Founded1

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  • TickerCOH on Australian Securities Exchange1
  • Industrybiomedical engineering1
  • HeadquartersSydney1
  • Websitewww.cochlear.com
  • Legal formpublic company limited by shares1
  • Listed onAustralian Securities Exchange (COH), Australian Securities Exchange (COH)1
  • LEI5493001OLLWY8KV5UC084
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address1 University Avenue, 2109 Macquarie University, Australia4
  • Registered withThe Australian Securities and Investment Commission, 002 618 0734

Cochlear is a medical device company that designs, manufactures, and supplies the Nucleus cochlear implant, the Hybrid electro-acoustic implant and the Baha bone conduction implant.3

Corporate structure

Cochlear Limited sits at the top of its group. 6 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Cochlear Limited Macquarie University, Australia
    • Cochlear (France) Subsidiary · Saint-Aubin-sur-Scie, France
    • Cochlear (United States) Subsidiary · Englewood, United States
    • Nyxoah SA Stake · C9
    • Cochlear (Switzerland) Subsidiary · Switzerland
    • COCHLEAR MEDICAL DEVICE COMPANY INDIA PRIVATE LIMITED Subsidiary · Mumbai, India

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

The story

Corporate affairs

Cochlear was originally founded in 1981 as a subsidiary of Nucleus, a medical electronics company founded in 1964. Previously, in 1981, Nucleus received a grant from the Australian government to commercialize development of a multi-channel cochlear implant like the one that Graeme Clark created. The project was a success, with the first commercial implantation of a Nucleus implant taking place in 1982. Although it was established as a subsidiary of Nucleus, which was acquired by Pacific Dunlop in 1988, Cochlear soon became a separate and publicly listed company in 1995 when Pacific Dunlop was split up. In 2004 Cochlear expended its portfolio beyond cochlear implants by buying Entific Medical Systems, a Swedish company that produced bone anchored hearing aids for conductive hearing loss. Most of the company's income is from after-market (post-implantation) products such as processor upgrades and accessories.

In April 2022, Cochlear announced it would acquire Danish competitor Oticon Medical for A$170 million after its parent company Demant decided to exit the hearing implant business. At the time, Oticon Medical was running at a loss, with sales lower than expected and technical problems affecting some of their devices, leading to a voluntary recall.

Violation of anti-kickback statute

Cochlear Limited's 2007 annual report acknowledged that a US Federal investigation continued into its payments to physicians and providers. In February 2007, part of the whistleblower complaint against Cochlear filed by former vice president and director at Cochlear Americas Brenda March was unsealed by the U.S. District Court for the District of Colorado. The complaint alleges that Cochlear violated the Federal anti-kickback statute through its Partners Program, which offered credits towards free or discounted products for physicians who implanted Cochlear devices, as well as gifts, trips, and other gratuities paid to physicians and providers. The government intervened in the case and transferred it from the U.S. Department of Justice to the Health and Human Services Inspector General for the imposition of civil penalties. In June 2010, Cochlear America agreed to pay a fine of $880,000 as part of a settlement with the US Department of Justice.

From Wikipedia’s article on Cochlear Limited, shared under CC BY-SA 4.0.6

Products and brands

  • cochlear implant

Listed on Wikidata.1

Implants

CI22M (Nucleus 22) implant received FDA approval in 1985, making it the first FDA-approved multi-channel cochlear implant. While first approved for postlingually deaf adults, its FDA approval expanded to people ages two and up in 1990 after clinical trials on children.

In 1998 FDA approved the company's first Nucleus 24 family implant, the CI24M, which was the first cochlear implant to have a removable magnet to make it easier for patients to get an MRI. Nucleus 24 implants had 22 contacts. The next version of the Nucleus 24 to be approved by the FDA the CI24R implant, which came with the option of three different styles of electrode array. In 2005 the FDA approved the CI24RE "Freedom" implant, which had a new chip that reduced power consumption and better stimulation for improved sound processing. The implant had two options for the electrode array, both from the previous version of the CI24R "contour" options.

The CI500 implant range, which had 22 contacts enabling detection of 161 frequencies, was launched in 2009. When the whole CI500 family was recalled in 2011 due to soft failures of some CI512 implants, the CI500 family consisted of the CI512 and CI513 cochlear implants, the CI522, CI532 which had a perimodular electrode array, CI551 which had a double array, and the Nucleus ABI 541, which was an auditory brainstem implant version of the product.

In the mid to late 2000s, the company released its first short-electrode Hybrid implants, starting off with the Hybrid S8 and Hybrid S12; the devices were used in clinical trials and research on the potential for use in patients with severe to profound high-frequency hearing loss but significant low-frequency residual hearing. All Hybrid implants were paired with a sound processor fitted with an accompanying acoustic piece to amplify the lower frequencies in the recipient's residual hearing. Eventually, in 2014 the FDA approved the Nucleus L24 "Hybrid" implant (CI24REH) for use in people ages 18 and up.

Read the full text

The Nucleus Profile implant, approved by the FDA in summer 2015, succeeded the Nucleus 24 implant. At the time it was released, it was the thinnest cochlear implant on the market. However, the titanium case on the Profile implant was 2.5 times stronger than the previous Nucleus 24 implant. Just like its predecessor, a variety of electrode array options were available the Nucleus Profile.

Body-worn

The first sound processors made by the company were quite primitive compared to modern behind-the-ear and off-the-ear processors. The first sound processor made for the Nucleus 22 was the Wearable Sound Processor (WSP), an analog device that was only worn by adults; three versions of it were produced. Eventually, in 1989 it was replaced by the Mini Speech Processor, a slightly smaller body-worn digital processor. Subsequently in 1994 the company released the Spectra processor, which continued to improve audio processing, and became the last body-worn processor designed specifically for the Nucleus 22, as all later processors were made backwards-compatible with Nucleus 22 implants (meaning that the version of those processors were first released were compatible with newer implants and that only later were versions of those processors compatible with the Nucleus 22 were produced). In 1997 the company released the SPrint processor which had a small screen on it, and was compatible with the newly-developed Nucleus 24 implants, which received FDA approval in 1998. The SPrint became the last body-worn processor offered by the company; no Nucleus 22 version of it was made since the processor was made obsolete by the ESPrit that same year.

Behind-the-ear

In 1998 the company released its first processor that lacked a body-worn component, the ESPrit. However, the original ESPrit was only compatible with the Nucleus 24 implants, so in 2001 the ESPrit 22, which looked nearly identical to the ESPrit, was released for patients with older Nucleus 22 implants.

In 2002 the company released the ESPrit 3G for Nucleus 24 implants. It was the first processor equipped with telecoil, allowing streaming of audio wirelessly from certain sources such as phones and sound systems that were telecoil compatible. Later a version for older Nucleus 22 implants was released.

In 2005 the company released the Nucleus Freedom sound processor. Unlike previous processor upgrades, the Freedom was larger than its predecessor. Nevertheless, it had more sophisticated sound processing technology than the ESPrit 3G. While the previous ESPrit 3G and the earlier ESPrit required the use of disposable batteries, the Nucleus Freedom was the company's first behind-the-ear processor that offered a rechargeable power supply option. However, it was not until 2008 that a version of the Nucleus Freedom processor compatible with N22 implants was released.

An electric acoustic stimulation (EAS) or "hybrid" version of the Freedom sound processor that included an earhook with an acoustic component provided amplification of sounds that could be picked up by residual hearing was used in clinical trials of early Nucleus Hybrid S8 and S12 implants, making it the first Cochlear processor that capable of EAS.

The Nucleus 5 (CP800 series) sound processor was approved by the FDA in 2009. Despite being much smaller than its predecessor, it also had more sophisticated sound processing capability. Initially released with the CI500 series implant, it was eventually made compatible with the earlier Nucleus 24 series implants.

The Nucleus 6 (CP900 series) was released in 2013; while it looked very similar to the Nucleus 5 and contained many of the same features, it was slightly smaller and had more advanced computer chip. Both the Nucleus 5 and Nucleus 6 shared many of the same outward features, such as a direct audio input port, dual omnidirectional microphones, three battery options (rechargeable, compact rechargeable, and disposable), and many similar or even identical accessories. The Nucleus 6 was backwards compatible with all Nucleus implants at the time, from the current generation to the Nucleus 22.

One-piece

In 2016 the company released the Nucleus Kanso processor, first one-piece sound processor made by the company. The electronics in and features of the device were nearly identical as in the previous Nucleus 6. However, because of its size and positioning, it is more easily concealed by hair or a hat.

Accessories

In 2013 Cochlear released the "Aqua Accessory", a sealable single-use plastic pouch shaped to fit a Nucleus 5 processor. When used properly, it gave an IP68 water resistance level to the processor inside. However, it soon became obsolete by the 2014 introduction of the Aqua+ kit, which consisted of a waterproof coil and a silicone sleeve for the processor unit.

Other accessories include a TV streamer using ReSound technology that allows streaming of audio directly to sound processor, a wireless mini mic that can be worn be the person speaking with the implant user, and a wireless phone clip for streaming audio from a bluetooth-enabled device to the sound processor.

Various sound processor models have been designed to be compatible with certain FM receivers made by other companies specifically for use in the given sound processor. For example, the Phonak Roger 20 made by Phonak is compatible with the Nucleus 7, where the receiver can be connected between the processing unit and the battery pack. However, the previous Roger 14 that was used with Nucleus 5 and Nucleus 6 devices was plugged into the side of the processor unit (pictured). Other earlier processors like the ESPrit and Freedom also had FM options.

Auditory brainstem implants (ABI)

The company also produces auditory brainstem implants, which look similar to cochlear implants but bypass the cochlea completely, instead placing a rectangular electrode array on the cochlear nucleus of the brainstem. The first ABI made by the company was the Nucleus 22ABI, released in the early 1990s. It had eight electrodes, utilized parts from the Nucleus 22 cochlear implant, and utilized the Spectra sound processor. This was followed by the 1999 introduction of an improved ABI based on the Nucleus 24, the Nucleus ABI24, which had 21 electrodes and allowed for more advanced audio processing in addition to having a removable magnet; in 2000 it was approved by the FDA for use in people with Neurofibromatosis Type 2 ages 12 and older. In 2016 the Nucleus Profile ABI541 received FDA approval.

From Wikipedia’s article on Cochlear Limited, shared under CC BY-SA 4.0.6

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Dec 4, 1995Went public Listed on Australian Securities Exchange1
  2. 1981Founded Founded1

Stakes it holds

Cochlear Limited has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

  • Nyxoah SASCHEDULE 13D/A Mar 29, 2023 to Jun 11, 20267

SEC filer profile

How Cochlear Limited is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCochlear Ltd2
  • CIK0001870044
  • Incorporated inAustralia2
  • Fiscal year endsJune 302
  • Business address1 University Avenue, Macquarie University, New South Wales, C3 21092
  • Phone6(129)425-52392
  • On EDGAR sinceJul 16, 20212
  • Filings6 in all: SC 13D/A (3), SCHEDULE 13D/A (2), SC 13D (1)2