Apnimed

Last updated: July 27, 2026
Ticker
APMD
Exchange
NYSE
IPO Date
Pending
Price Range
$14.00 - $16.00
Deal Size
$150 million

Company Snapshot

Apnimed is a late-stage clinical pharmaceutical company focused on developing and commercializing novel oral therapies for sleep-related breathing diseases. Their primary product candidate, AD109 (Oxnimbi), is an investigational treatment for obstructive sleep apnea (OSA) that aims to enhance upper airway muscle activity. The company has submitted a New Drug Application (NDA) for Oxnimbi to the FDA, which has been accepted for review.

Key Investors
Alpha Wave (63.0%)

Per S-1 disclosure; % may not sum to 100% when ownership is nested, multi-class, or reported on different bases.

Key Financials

Metric202520242023
Revenue$38.5M$8.0MNot provided
YoY Growth+381.3%--
Adjusted Net Loss-$128.2M-$111.3MNot provided
Margin %-333.0%-1391.3%-

Balance Sheet

Cash & Equivalents
$46.9M

Implied Valuation at Midpoint

Market Cap
$570M
P/S Ratio
14.8x

Based on price range midpoint and most recent fiscal year data.

S-1 Highlights

Market & Competition

The company operates in the pharmaceutical industry, specifically targeting treatments for obstructive sleep apnea. Apnimed competes with companies such as ResMed and Philips.

Use of Proceeds

Proceeds from the IPO are expected to be used for advancing the clinical development of Oxnimbi and for general corporate purposes.

Key Risk Factors

  • The company may face delays in obtaining FDA approval if additional data is required to demonstrate the clinical benefit of Oxnimbi.
  • If the FDA does not allow Apnimed to pursue the anticipated regulatory pathway, it could significantly increase the time and resources needed for approval.

Deal Structure

Primary Shares
10,000,000 shares
Shares Outstanding
37,999,640 shares
Post-IPO Float
26.3%
Lock-up
180 days
Lead Underwriters
BofA Securities, Evercore ISI, Cantor LifeSci Capital

Reported Broker Availability

No broker information available yet

Check back later for updates

Reported by users or publicly disclosed. Information is for reference only.

Important Links & Filings

Important: Information presented on this website is aggregated from publicly available sources and voluntary user submissions. It is provided for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. IPO access and availability may vary by broker and is not guaranteed; always verify details directly with your broker before making any investment decisions. We are not affiliated with, endorsed by, or acting on behalf of any broker-dealers, underwriters, or issuing companies. Some links to broker platforms may be affiliate links, and we may earn a commission if you open an account through those links. See full disclaimer for additional information.