DREAM Pivotal Study Data Presented at the International Surgical Sleep Society 2024 Educational Update

DREAM Pivotal Study Data Presented at the International Surgical Sleep Society 2024 Educational Update

Additional clinical data on patients suffering from Obstructive Sleep Apnea (OSA) demonstrate a clinically significant 71.0% median reduction in Apnea-Hypopnea index (AHI) while sleeping supine
at 12 months compared with baseline.

82.0% of patients who completed a polysomnography at 12 months had an AHI below 15, and 67.4% of patients who completed a polysomnography at 12 months had an AHI below 10.

Mont-Saint-Guibert, Belgium – September 27, 2024, 10:30pm CET / 4:30pm 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, announced that data from the DREAM U.S. pivotal study were presented in an oral session at the International Surgical Sleep Society (ISSS) 2024 Educational Update, taking place from September 26 -27 in Miami, Florida.

Additional data were presented for AHI reduction in supine and non-supine positions. Genio bilateral stimulation resulted in a clinically meaningful 71.0% median reduction in supine AHI at 12 months compared with baseline. This reduction compares to a median 12-month AHI reduction of 70.8% across all sleeping positions.

With respect to secondary endpoints reported at ISSS, subjects demonstrated significant improvements in quality-of-life outcomes. Specifically, a mean increase of 2.3 points was observed in the Functional Outcomes of Sleep Questionnaire (FOSQ) assessment. Additionally, the Epworth Sleepiness Score was reduced by a mean of 3.4 points from baseline.

The presentation included previously announced data demonstrating that the study achieved its co-primary endpoints of 12-month AHI responder rate, per the Sher criteria, and Oxygen Desaturation Index (ODI) responder rate, both on an Intent-To-Treat (ITT) basis. In the DREAM U.S. pivotal study, 115 patients received the Genio® implant and were included in the safety analysis. These patients had a mean AHI of 28.0, mean ODI of 27.0 and mean body mass index of 28.5 at baseline. At 12 months, 73 subjects were determined to be AHI responders, per the Sher criteria*, resulting in an ITT AHI responder rate of 63.5% (p=0.002), and 82 subjects were determined to be ODI responders, resulting in an ODI responder rate of 71.3% (p<0.001). Safety results were in line with other neuromodulation therapies, with 11 serious adverse events, or SAEs, in ten subjects resulting in an SAE rate of 8.7%. Out of the 11 SAEs, three were device related, and there were three explants.

“The DREAM study demonstrated efficacy of bilateral hypoglossal nerve stimulation using Genio for the treatment of obstructive sleep apnea. Clinically significant improvements in primary and secondary endpoints were observed,” said B. Tucker Woodson, MD, Chief, Professor – Medical College of Wisconsin and Principal Investigator of the DREAM study. “Genio has the potential of helping us advance neuromodulation therapy for the treatment of OSA.”

“Achieving meaningful AHI reductions regardless of sleep position is a clinical validation of our patient-centric approach,” said Olivier Taelman, CEO of Nyxoah. “Genio bilateral stimulation also enabled more than 80% of patients to hit 12 months with an AHI below 15, positively impacting their overall quality of life and reducing sleepiness. Nyxoah is now entering the final regulatory phase and is progressing toward FDA approval. This will be a huge milestone in our mission to make Genio available to OSA patients in the US.”

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.

For more information, please see the Company’s annual report for the financial year 2023 and visit http://www.nyxoah.com/.

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, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio® system 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; reporting data from Nyxoah’s DREAM U.S. pivotal trial; filing for FDA approval; and entrance to 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 the Company’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 the Company 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, the Company 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 the Company 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
Loïc Moreau, Chief Financial Officer
IR@nyxoah.com

For Media
In United States
FINN Partners – Glenn Silver
glenn.silver@finnpartners.com

In Belgium/France
Backstage Communication – Gunther De Backer
gunther@backstagecom.be

In International/Germany
MC Services – Anne Hennecke
nyxoah@mc-services.eu

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Abdullah bin Zayed meets President of Maldives in New York

H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Foreign Affairs, met with President Mohamed Muizzu of the Maldives, on the sidelines of the 79th session of the UN General Assembly (UNGA 79) in New York.

During the meeting, H.H. Sheikh Abdullah conveyed to President Mohamed Muizzu the greetings of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and his wishes for progress and prosperity for the Maldives.

For his part, the Maldivian President conveyed his greetings to His Highness Sheikh Mohamed bin Zayed and his wishes for further progress and prosperity for the UAE and its people.

During the meeting, an array of items on the agenda of the UNGA 29 were discussed, as well as joint cooperation in various sectors, including economic, tourism, renewable energy, climate, commercial and investment.

The two sides also addressed issues of mutual interest and reviewed their cooperation within the framework of international organisations.

H.H. Sheikh Abdullah bin Zayed note
d the developing and growing relations with the Republic of the Maldives, emphasising the UAE’s keenness to seizing all available opportunities to enhance these relations in a way that serves the mutual interests of both countries and their peoples, and supports their developmental aspirations.

The meeting was attended by Ahmed bin Ali Al Sayegh, Minister of State.

Source: Emirates News Agency

Minister of State for Foreign Affairs Meets British Secretary of State for Energy Security and Net Zero

Minister of State for Foreign Affairs, Cabinet Member, and Climate Envoy Adel bin Ahmed Al-Jubeir has met with British Secretary of State for Energy Security and Net Zero Edward Miliband, on the sidelines of the 79th Session of the United Nations General Assembly high-level week in New York.

The two officials discussed ways to boost cooperation in the field of energy, as well as issues related to the environment and climate change.

Source: Saudi Press Agency

China’s international trade in goods, services up 4% in August

The value of China’s international trade in goods and services reached 4.18 trillion yuan in August this year, marking an increase of 4 percent year-on-year, official data showed.

In U.S. dollar terms, the country’s exports of goods and services amounted to 322.4 billion U.S. dollars, while imports totaled US$ 263.5 billion, recording a surplus of US$ 58.9 billion, the State Administration of Foreign Exchange said.

According to the official data, carried by Xinhua, the export value of goods reached nearly 2.07 trillion yuan while the import value of goods totaled about 1.5 trillion yuan, resulting in a surplus of 572.4 billion yuan.

The value of exported services amounted to 230.8 billion yuan and the value of imported services stood at 383 billion yuan, producing a deficit of 152.2 billion yuan.

Source: Emirates News Agency

Minister of Foreign Affairs Signs Memorandum of Understanding with Tajik counterpart

Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met here Friday evening with Republic of Tajikistan Minister of Foreign Affairs Sirojiddin Muhriddin, on the sidelines of the 79th Session of the United Nations General Assembly high-level week in New York and signed a memorandum of understanding exempting short-stay visa requirements for holders of diplomatic and private passports (for Saudi nationals) and diplomatic and service passports (for Tajik nationals).

The two officials also discussed ways to boost cooperation, and regional and international issues.

The meeting was attended by Saudi Permanent Representative to the UN Ambassador Dr. Abdulaziz Al-Wasil.

Source: Saudi Press Agency

New ADB-IFFEd Partnership to unlock $500 mn in concessional education financing in Asia and Pacific

The Asian Development Bank (ADB) has signed an agreement with the International Finance Facility for Education (IFFEd) that will enable at least $500 million in new concessional education funding for lower middle-income countries (LMICs) in Asia and the Pacific.

Under the financing partnership, IFFEd-a sovereign-backed Swiss foundation established in 2023 to invest in education and skills in LMICs-will guarantee $125 million of ADB’s sovereign loan exposure across all sectors, known as a synthetic portfolio, and provide an initial $50 million in grants.

By blending IFFEd’s guarantees to ADB with grants that will comprise 10 percent of every loan, the first-of-its-kind arrangement facilitates a four times leverage ratio of the guarantee, boosting the amount of capital ADB can lend while lowering borrowing costs for the bank’s developing member countries (DMCs).

LMICs face an education crisis. More than 50% of students in these countries are not able to read simple text by age 10 despite attending school, an
d graduates do not have the skills to find jobs, leaving employers unable to fill vacancies.

‘Education is the cornerstone of modern, prosperous, and inclusive societies, and we are pleased to announce this partnership with IFFEd,’ said ADB Vice-President for Sectors and Themes Fatima Yasmin. ‘By pooling catalytic and concessional financing, this initiative means our lower middle-income DMCs can scale up their investments in education and skills-vital to building knowledge-based economies-along with other sectors at the same time.’

‘Investing in education and skills in LMICs-home to nearly half of the world’s children and youth-is key to powering long-term economic growth and making progress on global health, climate, and equity goals,’ said IFFEd Founding Chief Executive Officer Karthik Krishnan.

Source: Emirates News Agency

15,324 Violators of Residence, Labor, Border Security Laws Apprehended in a Week

The Ministry of Interior conducted inspection campaigns in the Kingdom between September 19 and September 25 to ensure compliance with residency, labor and border security laws.

The inspections yielded the following results:

Across the Kingdom, 15,324 violations were recorded: 9,235 of residency, 3,772 of border security, and 2,317 of labor laws.

Attempting to cross the border into the Kingdom illegally were 1,226 individuals, of whom 48% were Yemenis, 51% Ethiopians, and 01% of other nationalities; 116 people were arrested for attempting to leave the Kingdom illegally.

Four people involved in transporting, sheltering, and employing violators were arrested.

A total of 13,657 expatriates (11,952 men and 1,705 women) are currently undergoing procedures for enforcing regulations.

Six thousand, five hundred and twenty people were detained for violating laws and instructed to contact their countries’ embassies or consulates to obtain proper travel documentation; 1,385 were told to make booking arrangements f
or their departure, and 11,894 were repatriated.

The Ministry of Interior has warned that any person who facilitates the illegal entry of individuals into the Kingdom, transports them on its territory, provides them with shelter or any other assistance or service may be penalized with up to 15 years in prison and a fine of up to SAR1 million, and that the vehicles used for transport or houses used for shelter may be confiscated.

The ministry stressed that such acts are major crimes that warrant arrest. It also urges people to report any violations by calling 911 in the Makkah, Riyadh, and Eastern regions, and 999 and 996 in the rest of the Kingdom.

Source: Saudi Press Agency