Market PotentialChronic wound care represents a sizable market with $28B in healthcare spending with nearly 2 million patients experiencing venous leg ulcers and diabetic foot ulcers annually.
Regenerative MedicineFibroblasts have significant potential in regenerative medicine as they share a host of overlapping properties with stem cells, making them a potentially less expensive and more accessible cell therapy for patients.
Research And DevelopmentThe company has completed a $5M financing tranche to support research and development and clinical trials, which is a positive step for future growth.