Beyond Air

Beyond Air

XAIR
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Private Company

Total funding raised: $135M

Market Cap: $5.4MFounded: 2015HQ: Garden City, United States

Overview

Beyond Air's mission is to disrupt the standard of care for inhaled nitric oxide therapy with its proprietary LungFit platform, which generates NO on-demand from ambient air. The company has achieved FDA approval for its LungFit PH system for neonatal hypoxic respiratory failure and is advancing a pipeline exploring high-concentration NO for viral pneumonia, chronic lung infections, and even oncology. Its strategy hinges on expanding the therapeutic applications of NO while leveraging a cost-effective, 'green' delivery technology to capture market share across hospital and home settings.

RespiratoryInfectious DiseaseOncologyNeurology

Technology Platform

The LungFit platform uses patented Ionizer™ technology to generate unlimited, on-demand inhaled nitric oxide (iNO) from ambient air, eliminating the need for high-pressure gas cylinders.

Funding History

4
Total raised:$135M
IPO$75M
Series C$30M
Series B$20M
Series A$10M

Opportunities

Beyond Air's core opportunity is to expand the multi-billion dollar inhaled nitric oxide market by enabling new, high-concentration antimicrobial applications for viral pneumonia and chronic lung infections, and by reducing the total cost of therapy for hospitals through its cylinder-free system.
Successfully pioneering ultra-high concentration NO for oncology would open an entirely new therapeutic modality.

Risk Factors

The company faces extreme financial risk, with insufficient capital to advance its clinical pipeline, placing key programs on hold.
It also faces significant clinical risk in unproven new indications and formidable commercial competition from entrenched players in the neonatal iNO market.

Competitive Landscape

Beyond Air competes directly with Mallinckrodt's INOmax in the neonatal iNO market, where it must displace an entrenched standard. In its novel high-concentration programs, it faces competition from standard antimicrobials and supportive care, while its oncology program is a first-in-class approach with no direct gaseous NO competitors.

Company Timeline

2015Founded

Founded in Garden City, United States

2018Series B

Series B: $20.0M

2020Series C

Series C: $30.0M

2021IPO

IPO — $75.0M