Welcome to our dedicated page for Mediwound news (Ticker: MDWD), a resource for investors and traders seeking the latest updates and insights on Mediwound stock.
MediWound Ltd. (Nasdaq: MDWD) is an integrated biopharmaceutical company focused on developing, manufacturing, and commercializing novel therapeutic products. The company's mission is to address unmet medical needs in the fields of severe burns, chronic and other hard-to-heal wounds, connective tissue disorders, and other medical conditions. MediWound leverages its patented proteolytic enzyme technology to create innovative and effective treatments.
NexoBrid®, MediWound's flagship product, has received marketing authorization from multiple health agencies, including the European Medicines Agency, as well as health ministries in Israel and Argentina. This innovative biopharmaceutical product is designed for the non-surgical removal of dead or damaged tissue, known as eschar, in adults with deep partial and full-thickness thermal burns. Clinical trials have demonstrated NexoBrid's capability to rapidly and effectively debride eschar without harming viable tissue.
MediWound's pipeline includes several promising products. EscharEx®, another key product, is a topical biological drug being developed for debridement of chronic wounds. This product has shown significant potential in clinical trials, suggesting it can outperform traditional enzymatic debridement methods and improve patient outcomes. Additionally, MW005 is under development for the treatment of non-melanoma skin cancers, offering a new hope for patients with basal cell carcinoma.
The company has established valuable partnerships and research collaborations with industry leaders such as 3M, Mölnlycke, and MIMEDX. These collaborations aim to further validate and enhance MediWound's product pipeline. Recent achievements include substantial governmental grants, expanded indications for NexoBrid, and successful market entries in new regions.
Financially, MediWound is on solid ground. As of December 31, 2023, the company reported a cash, restricted cash, and investments balance of $42.1 million, compared to $34.1 million at the end of 2022. In the first quarter of 2023, MediWound raised $27.5 million through a registered direct offering, using $17.1 million to support its activities. The company expects its existing financial resources to be sufficient to reach profitability.
MediWound's commitment to improving patient care through innovative enzymatic therapeutics positions it as a significant player in the biopharmaceutical industry. With a strong pipeline and robust financial health, the company aims to continue delivering life-saving treatments and expanding its market presence.
For more information, visit www.mediwound.com and follow the company on LinkedIn and X.
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.
MediWound Ltd. (NASDAQ: MDWD) has appointed Barry Wolfenson as Executive Vice President of Strategy and Corporate Development and Alicia Torrenova as Vice President of European Operations. Wolfenson brings over 20 years of leadership in wound care and regenerative medicine, previously co-founding vTail Healthcare Telecommunications and serving as a strategic advisor to Origin, Inc. Torrenova has managed operations across Spain, Portugal, and LATAM, significantly impacting product introductions for LifeCell. Both executives are expected to drive growth and innovation in MediWound's biotherapeutic solutions, including NexoBrid and EscharEx, enhancing the company’s competitive positioning.
MediWound Ltd. (Nasdaq: MDWD) has announced the release of its financial results for Q4 and the year ending December 31, 2022. The results will be disclosed on March 16, 2023, followed by a conference call at 8:30 am ET. The company specializes in biotherapeutic solutions for tissue repair, with products like NexoBrid® and EscharEx®. NexoBrid, now FDA-approved for the U.S., is used for burn care. Meanwhile, EscharEx is advancing towards pivotal Phase 3 study discussions, which are likely to begin in H2 2023. MediWound continues to innovate in wound care and aims to improve patient outcomes.
MediWound Ltd. (NASDAQ: MDWD), a biopharmaceutical company focused on tissue repair and regeneration, announced it will present at two investor conferences in March 2023. The Cowen 43rd Annual Health Care Conference is scheduled for March 8, 2023, at 10:30 am ET in Boston. The Oppenheimer 33rd Annual Healthcare Conference will take place on March 14, 2023, at 1:20 pm ET virtually. Replay of the Cowen presentation will be available on the company's investor relations webpage. MediWound develops innovative biotherapeutic solutions like NexoBrid for burn care and EscharEx for chronic wound management.
MediWound Ltd. (NASDAQ: MDWD) has successfully closed a registered direct offering, raising $27.5 million in gross proceeds. The funds will primarily accelerate the development of EscharEx®, support U.S. commercial presence, and cover general corporate expenses. MediWound may also consider using a portion of the proceeds for potential acquisitions or licensing of complementary technologies, though no current plans exist. H.C. Wainwright & Co. was the exclusive placement agent for this offering. The company aims to enhance its biotherapeutic solutions for tissue repair and is focused on its products, including NexoBrid®, which has received FDA approval for U.S. marketing.
MediWound Ltd. (NASDAQ: MDWD) has announced a definitive agreement for a registered direct offering of 1,964,286 shares at $14 per share, expected to close around February 7, 2023. The offering could generate approximately $27.5 million in gross proceeds, which will primarily fund the development of EscharEx®, establish a U.S. commercial presence, and support business activities. H.C. Wainwright & Co. is the exclusive placement agent for the offering. Following this transaction, the total shares outstanding will be 9,204,306. The shares are being offered under a previously filed shelf registration statement with the SEC.
MediWound Ltd. (Nasdaq: MDWD) announced the FDA approval of NexoBrid (anacaulase-bcdb), a non-surgical treatment for eschar removal in adults with deep partial- and full-thickness thermal burns. This approval triggers a $7.5 million milestone payment from Vericel Corporation, which will exclusively commercialize NexoBrid in North America. Anticipated to launch in Q2 2023, NexoBrid is already approved in 43 countries and is expected to become a new standard of care in burn treatment, backed by significant clinical study results demonstrating its efficacy and safety.
MediWound Ltd. (Nasdaq: MDWD) has announced that its partner, Kaken Pharmaceutical Co., Ltd., received marketing approval for NexoBrid in Japan, applicable to both pediatric and adult populations. NexoBrid is a treatment for deep-partial and full-thickness thermal burns, approved under orphan drug designation. Kaken is set to launch NexoBrid in summer 2023, furthering MediWound's global strategy for commercialization. NexoBrid is already approved in 43 countries and has a PDUFA date with the FDA set for January 1, 2023.
MediWound Ltd. (NASDAQ: MDWD) announced marketing approval for NexoBrid in Switzerland, with a launch planned for Q1 2023. The company has partnered with Triskel Integrated Services for distribution, which also covers France, where NexoBrid is expected to launch in Q3 2023. NexoBrid, approved in 42 countries, is designed for non-surgical eschar removal in burn patients. MediWound anticipates reimbursement approval in Switzerland and aims to expand into pediatric use, pending a decision from the European Commission in Q1 2023.
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