Nyxoah raises €25 million in private funding round
Mont-Saint-Guibert, Belgium – 12 February 2020
Nyxoah S.A., a healthtech company developing neuromodulation-based therapeutic solutions for sleep disordered breathing conditions, today announced that it has raised €25 million in a private financing round. Completion of the financing round is subject to customary closing conditions and is expected to occur later this month.
ResMed Inc. (NYSE:RMD) (ASX:RMD), a world-leading digital health company in the fields of sleep apnea, COPD, and other chronic diseases, joined as a new shareholder.
Under the lead of Mr. Robert Taub, Nyxoah executive chairman, Cochlear Limited (ASX:COH) and several historical shareholders completed the €25 million financing round.
The proceeds will enable Nyxoah to further advance in developing long-term clinical evidence on the Genio® system, prepare for the IDE pivotal trial in the United States and accelerate the ongoing market access and commercialisation activities in Europe, Australia and New Zealand.
Olivier Taelman, CEO of Nyxoah, commented: “We have an innovative approach to treating OSA. Having ResMed, the global leader in sleep apnea, support this significant funding round along with our existing shareholders will help Nyxoah to further accelerate its development.”