Healthcare

ResMed (ASX: RMD) Shares Fall Amid Competitive Pressure From Emerging OSA Drug Candidate

Tue 20 May 25, 06:25 AM |

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Highlights

ResMed Inc. (ASX: RMD) based in San Diego, is a global medical device company listed on the NYSE and ASX, specializing in sleep apnoea therapy and digital respiratory health solutions. The Shares of ResMed Inc. (ASX: RMD) declined 5% to A$36.90 on Tuesday after US-based biotech firm Apnimed released positive results from a late-stage clinical trial for a competing treatment for obstructive sleep apnoea (OSA).

Apnimed announced that its lead drug candidate, AD109, achieved its primary endpoint in the Phase 3 SynAIRgy clinical trial, which included 646 participants. The oral drug treats OSA by stimulating airway muscles, unlike ResMed’s CPAP devices that keep airways open mechanically.

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