Nyxoah Announces 2024 Strategic Priorities; Seeks To Complete Patient Follow Up In The DREAM U.S. Pivotal Study And Report Efficacy And Safety Data By Early April
Portfolio Pulse from Benzinga Newsdesk
Nyxoah SA (NASDAQ:NYXH), a medical technology company, announced its 2024 strategic priorities, including completing patient follow-up in the DREAM U.S. pivotal study and reporting data by early April. Preliminary data showed positive efficacy and safety results. The company plans to file the final module of its PMA submission after the DREAM results, prepare for a late 2024 U.S. launch, complete enrollment in the ACCCESS study, and increase market penetration in Europe. Nyxoah's Genio system has been successful in Europe and is expected to replicate this success in the U.S.
January 17, 2024 | 9:16 pm
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POSITIVE IMPACT
Nyxoah aims to complete its DREAM study and report results soon, which could positively impact the stock if the data is favorable. The company is also preparing for a U.S. launch and expects continued growth in Europe, indicating potential revenue growth.
The announcement of strategic priorities, especially the completion of the DREAM study and the preparation for the U.S. launch, is highly relevant and important for Nyxoah. Positive study results and successful U.S. market entry could significantly boost the company's revenue and market share, leading to a likely increase in stock price in the short term. The confidence score reflects the positive preliminary data and the company's proactive steps towards market expansion.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100