EscharEx VALUE Phase III Trial Progress
The EscharEx VALUE Phase III trial is actively enrolling patients, with plans to enroll 216 patients across 40 sites in the U.S. and Europe. New collaborations with Convatec and Essity support the ongoing VLU trial and planned DFU trial.
NexoBrid U.S. Market Expansion
NexoBrid continues to gain traction in the U.S. market, with a reported 52% year-over-year revenue growth driven by increased hospital unit orders and the number of ordering centers.
Financial Growth in Q2 2025
Second quarter revenue grew 43% sequentially, with total revenue reaching $5.7 million, up from $5.1 million in Q2 2024. Gross profit was $1.3 million or 23.5% of revenue, compared to $0.4 million or 8.8% in the prior year.
Additional Funding from U.S. Department of Defense
MediWound was awarded an additional $3.6 million in non-dilutive funding from the U.S. Department of Defense, bringing total program funding to $18.2 million for a room temperature-stable formulation of NexoBrid.
Strong Cash Position
As of June 30, 2025, MediWound had $32.9 million in cash, cash equivalents, and deposits, providing financial flexibility to advance key programs.