Gilde Healthcare portfolio company Nyxoah realizes successful IPO at NASDAQ
Utrecht (the Netherlands) & Mont-Saint-Guibert (Belgium) – Gilde Healthcare portfolio company Nyxoah SA, a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today started trading on NASDAQ. Gross proceeds of the initial public offering (IPO) before deducting underwriting costs amount to US$ 85.1 million. In addition, Nyxoah has granted the underwriters a 30-day option to purchase up to an additional 425,250 ordinary shares at the IPO price less underwriting costs, if any. The closing of the Offering is expected to occur on July 7, 2021.
Nyxoah’s ordinary shares are listed on Euronext Brussels and today began trading on the NASDAQ Global Market under the same symbol “NYXH”.
Piper Sandler, Stifel and Cantor are acting as joint book-running managers for the offering. Degroof Petercam is acting as a co-manager.
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat OSA. Nyxoah’s lead solution is the Genio® system, a CE-marked, patient-centered, minimally invasive, next generation hypoglossal neurostimulation therapy for treatment of moderate to severe OSA. OSA is the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and comorbidities including cardiovascular diseases, depression and stroke.
Following the successful completion of the BLAST OSA study in patients with moderate to severe OSA, the Genio® system received its European CE Mark in 2019. The Company is currently conducting the BETTER SLEEP study in Australia and New Zealand for potential CE-mark indication expansion, the DREAM IDE pivotal study for potential FDA approval and the post-marketing EliSA study in Europe to evaluate the long-term safety and efficacy of the Genio® system. For more information, please visit www.nyxoah.com.
About Gilde Healthcare
Gilde Healthcare is a specialized healthcare investor managing over €1.4 billion across two fund strategies: Venture & Growth and Private Equity. The Venture & Growth fund of Gilde Healthcare invests in medtech, healthtech and therapeutics in Europe and North America. For more information, visit the company's website at www.gildehealthcare.com.