Nyxoah raises €15 million in financing round led by Australian MedTech corporate Cochlear (ASX: COH)
Utrecht (The Netherlands) - Nyxoah S.A., a medical device company focused on the development and commercialization of a best-in-class hypoglossal nerve stimulation (HGNS) therapy for the treatment of Obstructive Sleep Apnea (OSA), announced today that it successfully raised an additional €15 million ($17.1 million USD) in its most recent round of equity financing. The financing was led by Cochlear Limited (www.cochlear.com), an Australian medical device company (ASX: COH) and global leader in implantable hearing solutions.
Nyxoah recently completed the BLAST-OSA (BiLAteral Hypoglossal Nerve Stimulation for Treatment of Obstructive Sleep Apnea) clinical study, an essential milestone for its CE marking dossier already submitted to the European regulatory body. Patients from the BLAST OSA study show a major improvement in sleep apnea symptoms and quality of life. The additional financing will be used to initiate post-CE Mark European market development activities and to work toward Investigational Device Exemption (IDE) with the US Food and Drug Administration (FDA).
Nyxoah S.A. is a medical device company focused on the development of an innovative, neurostimulation-based therapy for patients suffering from Obstructive Sleep Apnea (OSA). Headquartered in Mont-Saint-Guibert – Belgium, Nyxoah S.A. was co-founded in 2009 by Mr. Robert Taub.
Nyxoah has developed the world’s first and only battery-free, leadless and minimally invasive neurostimulator, capable of delivering bilateral hypoglossal nerve stimulation for moderate to severe OSA patients who have failed conventional Positive Airway Pressure (PAP) therapy. For more information, please visit www.nyxoah.com.
About Gilde Healthcare
Gilde Healthcare is a specialized European healthcare investor managing €1 billion across two business lines: a venture & growth capital fund and a private equity fund. Gilde Healthcare's venture & growth capital fund invests in medtech, digital health and therapeutics. The portfolio companies are based in Europe and North America. Gilde Healthcare's private equity fund invests in profitable European lower mid-market healthcare services companies with a focus on the Benelux and DACH-region. The portfolio consists of healthcare providers, suppliers of medical products and other service providers in the healthcare market. For more information, visit the company’s website at www.gildehealthcare.com.