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NYXOAH SA

NYXH

1

exclusion reason

1 theme

Animal Welfare (1)
NYXH Current as of March 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Animal Exploitation
Since Mar 12, 2026

Nyxoah SA manufactures and markets implantable neurostimulation devices designed to treat obstructive sleep apnea. The company’s primary product, the Genio system, is a hypoglossal nerve stimulator that requires surgical implantation in a patient. The development, testing, and regulatory clearance of such implantable medical devices typically involves animal testing as a standard, required component of the preclinical safety assessment process. This places the company within the scope of commercial animal exploitation for product development.

The company’s operations are subject to regulatory inspections by bodies like the U.S. Food and Drug Administration. An FDA inspection of Nyxoah’s facility in Herstal, Belgium, concluded in November 2024, resulting in a Form 483 inspectional observations report. While the specific details of animal testing protocols are not publicly disclosed in the observation report, the existence of such regulatory oversight for a medical device manufacturer confirms engagement in activities that necessitate animal use. The available evidence from regulatory filings and industry practice indicates animal testing is an integral, non-optional part of bringing such an implantable neurostimulation device to market.

Research Sources 1 organization
Cruelty Free Investors
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

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