Mediwound Stock Price, News & Analysis

MediWound Ltd. (Nasdaq: MDWD) has initiated a phase I/II clinical study of MW005 to treat low-risk Basal Cell Carcinoma (BCC). This open-label, randomized trial aims to assess safety, tolerability, and preliminary efficacy. Up to 32 patients will participate at three U.S. clinical centers. Concurrently, a phase II trial at Soroka Medical Center will study MW005 in non-melanoma skin cancers. Results from both studies are expected by the end of 2021. BCC is the most common skin cancer in the U.S., with approximately 4.3 million cases annually.

MediWound Ltd. (Nasdaq: MDWD) announced positive topline results from its pivotal phase 3 pediatric study on NexoBrid for treating severe thermal burns in children. The study met all three primary endpoints with high statistical significance, demonstrating a substantially shorter time to complete eschar removal (0.99 days vs. 5.99 days for SOC) and significantly lower wound area needing surgical excision (1.5% vs. 48.1%). NexoBrid was well-tolerated, showing no adverse effects on wound healing. These findings reinforce NexoBrid's potential as a non-surgical treatment option for pediatric patients.

MediWound Ltd. (Nasdaq: MDWD) announced the publication of a peer-reviewed study on its wound debriding product, EscharEx, in the Wound Repair and Regeneration Journal. The phase 2 trial evaluated 73 patients with chronic wounds, demonstrating that EscharEx achieved a significantly higher incidence of complete debridement compared to a hydrogel vehicle, thereby meeting the study's primary endpoint. An interim assessment of the ongoing U.S. phase 2 adaptive design study for venous leg ulcers is expected by the end of July 2021. CEO Sharon Malka stated EscharEx shows potential to enhance chronic wound management.

MediWound Ltd. (Nasdaq: MDWD) announced that the FDA issued a Complete Response Letter (CRL) regarding its Biologics License Application (BLA) for NexoBrid, intended for eschar removal in burn patients. The FDA noted issues in the Chemistry, Manufacturing, and Controls (CMC) section, requiring further information and facility inspections that were delayed due to COVID-19. Despite the setback, MediWound remains committed to collaborating with the FDA for a potential approval, highlighting the clinical data's strength and the therapy's importance for burn victims.

MediWound Ltd. (Nasdaq: MDWD) announced the completion of the patient enrollment target for its U.S. Phase 2 study of EscharEx, a treatment for venous leg ulcers (VLUs). An interim assessment for futility analysis is expected by the end of July 2021, with a total of 120 patients to be enrolled by year-end. The company noted a significant market opportunity exceeding a billion dollars annually for EscharEx. Additionally, a separate Phase 2 open-label study is underway, focusing on diabetic foot ulcers and the pharmacological effects of EscharEx.

MediWound Ltd. (Nasdaq: MDWD) announced a peer-reviewed publication demonstrating preliminary proof-of-concept for MW005, a treatment for basal cell carcinoma (BCC). The study reported successful destruction of six BCC tumors using proteolytic enzymes enriched in bromelain. MediWound plans to initiate a Phase I/II clinical study for MW005 in June 2021, with data expected by year's end. BCC is the most common skin cancer type, with about 4.3 million cases diagnosed annually in the U.S. The company views MW005 as a potential solution for an unmet medical need in non-melanoma skin cancers.

MediWound Ltd. (Nasdaq: MDWD) reported first-quarter revenues of $5.8 million, marking a 32% increase year-over-year, primarily due to NexoBrid® procurement by BARDA. Cash and short-term investments totaled $17.9 million as of March 31, 2021, down from $21.6 million at year-end 2020. Operating loss improved to $1.9 million, while net loss was $2.9 million or $0.10 per share. The company initiated a phase 2 study of EscharEx and submitted a protocol for a clinical study of MWPC005. The management expects 2021 cash usage between $5.0 to $7.0 million.

MediWound Ltd. (Nasdaq: MDWD) announced it will release its financial results for Q1 2021 on May 5, 2021, at 7:00 AM ET. A conference call and webcast will follow at 8:30 AM ET to discuss results and provide corporate updates. The company specializes in biopharmaceuticals for tissue repair and regeneration. Its product NexoBrid has been marketed in the EU and submitted for FDA review, with a PDUFA date set for June 29, 2021. Also in development are EscharEx for chronic wound treatment and MWPC005 for non-melanoma skin cancer.

MediWound Ltd. (Nasdaq: MDWD) announced patient enrollment in a phase 2 pharmacology study for EscharEx, an innovative enzymatic agent for chronic wound treatment. The trial will assess its effectiveness in debridement for lower leg ulcers with results anticipated in the second half of 2021. This study aims to evaluate safety and clinical performance, focusing on biofilm and inflammation impact. CEO Sharon Malka emphasized EscharEx's potential to improve chronic wound management, having shown positive safety and efficacy in prior trials.