Day: February 19, 2025

Nyxoah Announces Commercial Launch of Genio® Breakthrough Therapy in the Middle East

First patient implanted with Genio at Saudi German Hospital in Dubai, United Arab Emirates

Mont-Saint-Guibert, Belgium – February 19, 2025, 7:05am CET / 1:05am ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company that develops breakthrough treatment alternatives for Obstructive Sleep Apnea (OSA) through neuromodulation, today announced the commercial launch of its Genio system in the Middle East, marked by the first successful Genio implant performed at Saudi German Hospital, Dubai – United Arab Emirates, supported by Odin Healthcare – partnering with Nyxoah in the region.

The first patient was successfully implanted by Dr. Ahmed Yassin Bahgat, Consultant Otolaryngologist at Saudi German Hospital. Reflecting on this milestone, Dr. Bahgat stated: “We are honored to be the first hospital in the UAE, as well as the Middle East and Africa, to offer Genio to our OSA patients. Genio is an innovative, clinically proven, and smart therapy designed to effectively treat individuals with Obstructive Sleep Apnea who are unable to tolerate CPAP.”

Olivier Taelman, CEO of Nyxoah, added: “The commercial launch of Genio in the UAE marks an historic milestone as the first-ever neurostimulation therapy for Obstructive Sleep Apnea in the region. We are proud to bring this groundbreaking, patient-centric solution to the Middle East, offering new hope to patients who cannot tolerate CPAP. With strong clinical evidence and growing global adoption, we remain committed to expanding access to Genio and transforming the treatment of OSA worldwide.”

About Nyxoah
Nyxoah is reinventing sleep for the billion people that suffer from obstructive sleep apnea (OSA). We are a medical technology company that develops breakthrough treatment alternatives for OSA through neuromodulation. Our first innovation is Genio®, a battery-free hypoglossal neuromodulation device that is inserted through a single incision under the chin and controlled by a wearable. Through our commitment to innovation and clinical evidence, we have shown best-in-class outcomes for reducing OSA burden.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company announced positive outcomes from the DREAM IDE pivotal study for FDA and U.S. commercialization approval.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

FORWARD-LOOKING STATEMENTS

Certain statements, beliefs and opinions in this press release are forward-looking, reflecting Nyxoah’s current expectations and beliefs regarding the Genio® system; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; and potential receipt of FDA approval and entrance into the U.S. market. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of Nyxoah’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”) on March 20, 2024, and subsequent reports that Nyxoah files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, Nyxoah expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither Nyxoah nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contacts:

Nyxoah
John Landry, CFO
[email protected]

ODIN Healthcare
Ahmed Abdelhalim, Managing Director
[email protected]

For Media
In Belgium/France
Backstage Communication – Gunther De Backer
[email protected]

In International/Germany
MC Services – Anne Hennecke
[email protected]

Attachment

• ME_Nyxoah Announces Commercial Launch of Genio® Breakthrough Therapy in UAE

GlobeNewswire Distribution ID 1001049209

Strategic expansion aimed at bringing company closer to regional client base

DUBAI, United Arab Emirates, Feb. 19, 2025 (GLOBE NEWSWIRE) — Veson Nautical (Veson), a global leader in maritime data and freight management solutions, has opened a new office in Dubai as part of an enhanced commitment to one of the world’s most important shipping hubs.

This strategic expansion is aimed at bringing Veson closer to its growing regional client base and reinforcing its role in shaping the future of maritime technology and data solutions in the region.

Speaking today at an event being held in Dubai by Veson to coincide with the opening of the new office, the company’s Chief Commercial Officer (CCO) Russ Hubbard said:

“Veson Nautical is steadfast in its commitment to our clients and their success. Over the past several years, the UAE has done a phenomenal job of establishing itself as a global maritime hub, and our clients have embraced the UAE as both a regional and global center of excellence. We are enthusiastic about the future in the gulf, and look forward to supporting and enabling the decision advantages of our hundreds of clients in the region.”

Veson CEO, John Veson, travelled to Dubai to open the new office and the occasion was marked by the company staging the inaugural ‘Veson Nautical Dubai Forum & Networking Event’. Held at the Sofitel JBR hotel, the event brought together over 60 esteemed clients and guests to discuss a range of regional and global issues affecting the maritime industry.

As well as an in-depth question and answer session with John Veson, the topics discussed included the future-proofing of Gulf shipping, the global impact of AI technology as well as the impact of new regulations on ship asset valuations.

Veson’s Dubai office, which is located at Uptown Tower in the Dubai Multi Commodities Centre (DMCC), will serve as a key hub for client engagement, implementation support, and industry collaboration.

With a heritage of innovation and expertise across all maritime related contracts, Veson serves more than 38,000 users across 2,400 companies in more than 100 countries. The Dubai office adds to the six centers of excellence Veson already operates in Boston, London, Singapore, Tokyo, Houston and Athens.

About Veson Nautical

Veson Nautical empowers the global maritime industry to navigate compounding complexity on all sides of the trade. Multi-jurisdictional regulations, geopolitical disruptions, decarbonization, cybersecurity threats, and more are forcing industry participants to recalibrate their risk tolerance. By combining trusted maritime data with built-for-purpose workflows, Veson gives clients the decision-making confidence to manage risk and maximize profit.

www.veson.com.

Kevin Baxter
Senior PR & Communications Manager
[email protected] 
+44 (0) 20233970102

Veson Nautical Press Team
Office +44 (0)20 3397 0102
[email protected] 

www.Veson.com

GlobeNewswire Distribution ID 9360063

VICTORIA, Seychelles, Feb. 19, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, has announced an exclusive promotion for FTX creditors effective from February 17th to March 4th. Following the recent events surrounding FTX, Bitget recognizes the challenges faced by creditors and is committed to supporting the community. This special promotion is designed to offer attractive incentives, boost market sentiment, and reignite trust in the crypto space.

To join the campaign, users must first sign up for a Bitget account using the same email address as the one used on FTX. This step is crucial in order to confirm their identity as an FTX creditor. Once the identity verification is completed, users may submit their FTX creditor information and deposit funds to their Bitget account to receive up to $2,500.  The net deposit amount is calculated based on all deposits and withdrawals made during the promotion. As long as users submit creditor information before the promotion ends, all net deposits made before approval will still be counted. About 80% of the incentives will be distributed as USDT futures trading bonuses, while the remaining 20% will be distributed in BGB.

Bitget prioritizes a secure trading environment, operating with competence, transparency, and a commitment to continuous compliance with evolving global cryptocurrency regulations.

Strong from its strategic initiatives and constant innovation, the platform now counts over 100 million users and has a daily trading volume exceeding $20 billion. Recently, Forbes listed Bitget as one of the top most trusted crypto exchanges worldwide. In 2024, Bitget expanded its user base by 400%, from 20M in January to 100M in December. Spot trading surged from $160B in Q1 to $600B in Q4; daily volumes doubled to $20B. The high-paced updates and top performance amongst CEXs has pushed Bitget amongst the top #3 exchanges in derivates trading while strengthening its positioning amongst the top #5 on Spot.

The firm provides over 100% asset protection, backed by transparent Proof of Reserves and the industry’s second largest insurance fund of $600 million. Bitget has a strong foothold globally, which it plans to strengthen by providing world-class products and a trustworthy ecosystem.

More information about the event can be found here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM market, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: [email protected]

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1443839c-9ab7-4aaa-8943-6acbdc9046c1

GlobeNewswire Distribution ID 1001049322