Apnimed

General Information
Business:

(Incorporated in Delaware)

We are a Phase 3 pharmaceutical company developing an oral medication to treat obstructive sleep apnea. 

Our only clinical drug candidate, AD109, also known as Oxnimbi, is an anti-apneic neuromuscular modulator in a fixed-dose formulation to treat obstructive sleep apnea. AD109 is a combination of a novel anti-muscarinic and a selective norepinephrine reuptake inhibitor. This drug candidate is designed to improve upper airway muscle activity to prevent airway collapse during sleep. We have evaluated Oxnimbi in 1,300 patients in several Phase 3 trials. 

Note: Net loss and revenue are for the 12 months that ended on March 31, 2026. 

(Note: Apnimed filed its S-1 on July 10, 2026, without disclosing the terms. Estimated proceeds are $100 million, a placeholder figure.)

Industry: PHARMACEUTICALS
Employees: 65
Founded: 2017
Contact Information
Address 39 John F. Kennedy Street, 4th Floor Cambridge, MA 02138
Phone Number (617) 500-8880
Web Address http://www.apnimed.com/
View Prospectus: Apnimed
Financial Information
Market Cap
Revenues $120.15 mil (last 12 months)
Net Income $-31.83 mil (last 12 months)
IPO Profile
Symbol APMD
Exchange NASDAQ
Shares (millions): 0.0
Price range $0.00 - $0.00
Est. $ Volume $100.0 mil
Manager / Joint Managers BofA Securities/Evercore ISI/Cantor
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change