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MediWound Ltd. develops and commercializes enzymatic, non-surgical therapies for tissue repair as a global biotechnology company. Its FDA-approved biologic NexoBrid is indicated for enzymatic removal of eschar in thermal burns and is marketed in the United States, European Union, Japan, and other international markets.
News about MDWD commonly covers financial results, corporate updates, NexoBrid commercialization and distribution, BARDA-supported burn-care activity, and the development of EscharEx, an investigational bromelain-based therapy for debridement of chronic and hard-to-heal wounds. Company updates also include clinical data presentations, wound-care conference activity, regulatory filings, and shareholder communications.
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MediWound Ltd. (Nasdaq: MDWD) announced that it will present updated clinical data from its EscharEx® Phase 2 trials at the 2023 Symposium on Advanced Wound Care (SAWC) Spring in National Harbor, Maryland, from April 26-30, 2023. Key opinion leaders will discuss current wound debridement practices and findings from the clinical studies during oral presentations on April 29, 2023. Two posters will present safety and efficacy results, showcasing EscharEx as a promising enzymatic solution for chronic wounds. CEO Ofer Gonen expressed confidence in EscharEx's potential as a leading treatment in the wound care market given its positive outcomes. The emphasis on EscharEx aligns with MediWound's commitment to advancing enzymatic solutions for tissue repair, with a Phase III study expected to commence in Q4 2023, highlighting its competitive advantages in the market.
MediWound Ltd. (NASDAQ: MDWD) reported total revenues of $26.5 million for 2022, a growth from $23.8 million in 2021, despite a 44% decrease in product revenue due to reduced BARDA procurement. The FDA approved NexoBrid in December 2022, leading to a $7.5 million milestone payment from Vericel. Operating loss improved to $8.3 million, down from $11.2 million in 2021. Cash position reached $66 million, supporting operations through 2026. EscharEx is set to enter Phase III trials in 2023, while launches in Japan and India are anticipated mid-2023.
MediWound Ltd. (Nasdaq: MDWD) has appointed Ms. Hani Luxenburg as Chief Financial Officer, effective May 14, 2023, succeeding Mr. Boaz Gur-Lavie, who will assist in the transition until July 31, 2023. Ms. Luxenburg brings over 20 years of experience in financial leadership, previously serving as CFO at BIRD Aerosystems and holding senior roles at AstraZeneca and Ernst & Young. She aims to support the U.S. launch of NexoBrid and oversee ongoing product development. CEO Ofer Gonen commended Gur-Lavie's contributions while expressing optimism for MediWound's growth under Ms. Luxenburg’s leadership.