Clinical Trial ResultsPhase 2 study of VT1953 met primary and secondary endpoints in treating malignant fungating wounds, showing meaningful symptom improvements and a favorable safety profile that supports advancement toward a pivotal trial.
Financial And Capital StructureLow cash burn, a clean balance sheet with no debt or warrants, existing cash reserves and a $12 million at-the-market facility provide financial flexibility and extend runway into 2027 to support ongoing development.
Market OpportunityMalignant fungating wounds represent a large unmet need with no FDA-approved therapies and a potential market opportunity exceeding one billion dollars, offering significant commercial upside if VT1953 reaches the market.