Unknown Analyst

I'm on the medtech team here at Bank of America. Really happy to introduce our next presenter, Nyxoah. We have CEO, Olivier Taelman, to present.

Olivier Taelman
CEO & Executive Director

Good afternoon, everyone. First of all, thank you, and thank you, Bank of America, for having us and to be able to explain a little bit and talk a little bit more about the Nyxoah story. When we talk about Nyxoah, we are talking about obstructive sleep apnea and the treatment of obstructive sleep apnea by offering a neuromodulation solution.

Before I dig in a little bit further into our technology, I would like to talk a little bit more about the market space. I think everyone is familiar with someone who is struggling from sleep apnea wearing a CPAP mask. It is a huge market in the U.S. It's a huge market globally. But when we focus on the U.S., we are talking about a $10 billion market opportunity or roughly 500,000 patients that are annually eligible for treatment because they suffer from moderate to severe obstructive sleep apnea.

What we offer as Nyxoah? We offer a totally differentiated and unique neuromodulation solution. And I will be walking you through this in a couple of slides and showing also the technology. We have compelling clinical evidence that resulted in FDA approval. We obtained FDA approval last year in August, and we are currently actively launching. Yesterday, in fact, I did the earnings call for our Q1 results now 6 months post FDA approval. In the meantime, we treated over 1,200 patients in Europe to be very precise and the longest implanted patient with our Genio technology is already more