SECURITIES AND EXCHANGE COMMISSION
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of January 2025
Commission File Number: 001-36349
MediWound Ltd.
(Translation of
registrant’s name into English)
42 Hayarkon Street
Yavne, 8122745 Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): __
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): __
CONTENTS
On January 8, 2025, MediWound Ltd. (the “Company”) published a presentation on its website, highlighting its commercial product, its clinical products as well as certain estimates
and projections as to expected future financial results and information. The presentation can be accessed on the Company’s website at www.mediwound.com and is also furnished as Exhibit 99.1 to this Report of Foreign Private Issuer on Form 6-K
(this “Form 6-K”). The contents of the foregoing website are not a part of this Form 6-K.
The information contained in the presentation is provided as of January 8, 2025. The Company does not assume any obligation to update the presentation in the future or revise any
forward-looking statements to reflect actual future events or developments. The furnishing of the materials related to the presentation is not an admission as to the materiality of any information contained in those materials.
The content of the presentation is hereby incorporated by reference into the Company’s Registration Statements on Form S-8 filed with the SEC on April 28, 2014, March 24, 2016,
March 19, 2018, March 25, 2019, February 25, 2020, May 15, 2021 August 9, 2022 and August 15, 2023 (Registration Nos. No. 333-195517, 333-210375, 333-223767, 333-230487, 333-236635, 333-255784, 333-266697 and 333-273997, respectively) and on Form F-3
filed with the SEC on May 25, 2022 and August 29, 2024 (Registration Nos. 333-265203 and 333-281843, respectively).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
MEDIWOUND LTD.
|
|
|
|
|
|
Date: January 8, 2025 |
By:
|
/s/ Hani Luxenburg |
|
|
|
Name: Hani Luxenburg |
|
|
|
Title: Chief Financial Officer |
|
|
|
|
|
EXHIBIT INDEX
The following exhibit is filed as part of this Form 6-K:
January 2025 I Nasdaq: MDWD Next - Generation Enzymatic Therapeutics for Non - Surgical Tissue Repair
2 Cautionary Note Regarding Forward - Looking Statements This presentation contains “ forward - looking statements ” within the meaning of the Private
Securities Litigation Reform Act and other securities laws, including but not limited to the statements related to the commercial potential of our products and product candidates, the anticipated development progress of our products and product
candidates, and our expected cash runaway . In some cases, you can identify forward - looking statements by terminology such as “ believe, ” “ may, ” “ estimate, ” “ continue, ” “ anticipate, ” “ intend, ” “ should, ” “ plan, ” “ expect, ” “ predict,
” “ potential, ” or the negative of these terms or other similar expressions . Forward - looking statements are not historical facts, and are based upon management ’ s current expectations, beliefs and projections, many of which, by their nature, are
inherently uncertain . Such expectations, beliefs and projections are expressed in good faith . However, there can be no assurance that management ’ s expectations, beliefs and projections will be achieved, and actual results may differ materially
from what is expressed in or indicated by the forward - looking statements . Important factors that could cause such differences include, but are not limited to the uncertain, lengthy and expensive nature of the product development process ; market
acceptance of our products and product candidates ; the timing and conduct of our studies of our product candidates ; our ability to obtain marketing approval of our products and product candidates in the U . S . or other markets ; our expectations
regarding future growth, including our ability to develop new products ; risks related to our contracts with BARDA ; our ability to maintain adequate protection of our intellectual property ; competition risks ; and the need for additional financing
. These and other significant factors are discussed in greater detail in MediWound ’ s annual report on Form 20 - F for the year ended December 31 , 2023 , filed with the Securities and Exchange Commission ( “ SEC ” ) on March 21 , 2024 , and other
filings with the SEC from time - to - time . These forward - looking statements reflect MediWound ’ s current views as of the date hereof and MediWound undertakes, and specifically disclaims, any obligation to update any of these forward - looking
statements to reflect a change in their respective views or events or circumstances that occur after the date of this release except as required by law Certain studies and data presented herein have been conducted for us by other entities as
indicated where relevant . Intellectual property, including patents, copyrights or trade secret displayed in this presentation, whether registered or unregistered, are the intellectual property rights of MediWound . MediWound's name and logo and
other MediWound product names, slogans and logos referenced in this presentation are trademarks of MediWound Ltd . and/or its subsidiaries, registered in the U . S . A . , EU member states and Israel . NexoBrid development has been supported in whole
or in part with federal funds from the U . S . Department of Health and Human Services ; Administration for Strategic Preparedness and Response ; Biomedical Advanced Research and Development Authority (BARDA), under contract HHSO 100201500035 C .
This contract provided funding and technical support for the pivotal U . S . Phase 3 clinical study (DETECT), the randomized, controlled pivotal clinical trial for use in the pediatric population (CIDS), the marketing approval registration process
for NexoBrid as well as its procurement and availability under the expanded access treatment protocol (NEXT) . Additional projects for evaluation of NexoBrid funded under the BARDA contract include establishment of a pre - emergency use data package
and development of the health economic model to evaluate the cost savings impact to enable market adoption in the United States . We maintain our books and records in U . S . dollars and report under IFRS . Our revenue expectations for the full -
year ended 2024 , as well as our estimates concerning cash as of December 31 , 2024 , are preliminary, unaudited and are subject to change based on the completion of ongoing internal control, review, and audit procedures . As a result, these amounts
may differ materially from the amounts that will be reflected in the Company ’ s consolidated financial statements for the year ended December 31 , 2024 . Accordingly, you should not place undue reliance on this preliminary estimate .
Validated enzymatic technology platform Vericel, Mölnlycke, Kaken, MiMedx , BARDA, EIC, DoD , PolyMedics , Mankind, Solventum S trategic g lobal
collaborations Solid balance sheet with strong investor base 3 MediWound - Company Highlights 1 . Investigational drug 2 . Primary Research, Alira Health analysis ( 2025 ) 3 . As of December 31 , 2024 (does not include EIC funding) NexoBrid ® -
Eschar removal for severe burns EscharEx ® - Debridement of chronic wounds 1 Diversified portfolio 6 x scale - up to support global demand to be fully operational by YE 2025 cGMP certified sterile manufacturing facility Cash of $ 44 M 3 Runway
through profitability NexoBrid ® 2024 revenue of $ 20 M EscharEx ® Targets a $ 2.5 B U.S. market 2 Challenges a $ 360 M+ dominant product Significant commercial opportunity 14 successful clinical trials 120 + peer - reviewed publications Key
approvals: FDA/EMA/JPN
Proprietary IP protected manufacturing process 4 Core Platform - Enzymatic Technology Pineapple stem harvest Protein extraction Purification, enrichment,
stabilization Healthy skin Damaged skin Complex mixture of enzymes Rapid removal of non - viable tissue without surgery Post application Complex mixture of proteolytic enzymes
5 Multi - Billion Dollar Portfolio 1 . TAM - targeted addressable market 2 . ~ 90 % of eligible patients require eschar removal; assumes NexoBrid average
price of ~$ 9,000 per patient 3 . Investigational drug 4 . Venous Leg Ulcers 5 . Diabetic Foot Ulcers 6 . Primary Research, Alira Health analysis ( 2025 ) Indication: Eschar removal in deep - partial and full thickness burns Classification: Orphan
biological drug Target users: Hospitalized patients Status: US /EU/JP approved for adult and pediatric patients NexoBrid ® Disruptive therapy for burn care Targeted indication: Debridement of chronic/hard - to - heal wounds Classification: Biological
drug Target users: Patients in all wound care settings Development status : Phase 3 VLU 4 , Phase 2 / 3 DFU 5 EscharEx ® Next - Gen enzymatic therapy for wound care 3 TAM 1,2 (U.S.): $ 2.5 B $ 300 M TAM 6 (U.S.):
6 Product Pipeline 1 . U.S. Department of Defense 2 . Proof of Concept 3 . European Innovation Council Development Phase 1 Phase 2 Phase 3 Registration
Marketed Indication Adult burn eschar removal Pediatric burn eschar removal Battlefield burn eschar removal Blast injury treatment VLU debridement DFU debridement Post - traumatic wound debridement EscharEx ® DoD 1 funded POC 2 Approved Approved
Collaborations: Collaborations: P 2 / 3 preparations underway; EIC 3 funded P 2 study completed P 3 to initiate Q 1 2025
NexoBrid ® 2024 7 Value Creating Milestones U.S. launch Phase 2 positive results Strategic collaborations FDA pediatric extension Battlefield IND
submission EscharEx ® NexoBrid capacity increase U.S. facility: BARDA - funded planning and design EU governmental collaborations Battlefield facility construction Scale - up submission FDA/EMA 2025 DFU protocol discussions with FDA/EMA VLU Phase 3
interim Head - to - Head study vs. collagenase 2026 DFU Phase 2 / 3 initiation VLU Phase 3 initiation PK study Human Factor study VLU Phase 3 last patient out
8 Financial Highlights $ 44 M in cash 1 No debt € 16.25 M funding from EIC BALANCE SHEET 2024 revenue of $ 20 M NexoBrid ® is profitable Scale - up will
potentially increase gross margin ~ 65 % $ 115 M+ received from BARDA $ 15 M funded by DoD REVENUE Outstanding shares: 10.8 M Fully diluted: 14.8 M EQUITY MDWD ANALYSTS: • Josh Jennings, MD - Cowen • Francois Brisebois - Oppenheimer • Swayampakula
Ramakanth, PhD - HCW • Jason McCarthy, PhD - Maxim 1 . As of December 31 , 2024 (does not reflect the EIC funding)
Early, effective and selective non - surgical eschar removal for severe burns Validated & commercialized Approved in 40 + countries including US, EU,
JP; 14,000 + patients treated to date ( 8.8 % concentration)
1 . Edmondson et al., 2018 ; Burns 2 . Gurfinkel et al., 2010 ; Can J Plast Surg 10 First Step in Burn Care - Eschar Removal Removal of non - viable
tissue is critical for wound healing Loss of healthy tissue and blood Surgical removal of eschar is traumatic & non - selective 1,2 Prevents infection and sepsis Eschar Requires surgical team, operating room Challenging in delicate areas Stops
deterioration and scarring Reveals tissue for medical evaluation
Indication: Eschar removal of deep partial - thickness and/or full - thickness thermal burns Commercial availability : US (Vericel), Japan (Kaken),
Europe (direct, and PMI), India (Mankind) Government support: $ 115 M+ received from BARDA & DoD Contracts 11 Non - Surgical, Simple, Selective, Effective ▪ Easy - to - use ▪ Topical application at patient ’ s bedside ▪ Removes eschar within 4
hours ▪ Preserves viable tissue ▪ Enables visual medical assessment ▪ Reduces need for surgery ▪ Reduces blood loss ▪ Improves patient outcomes (scar quality and function)
1 . Shoham et al. 2023 ; Journal of Burn care & Research 2 . Pediatric Phase 3 (CIDS), EU Phase 3 , Expanded Access Protocol (NEXT) 3 . Shoham et al.
2023 ; IWJ 12 Phase 3 Studies Demonstrate Superiority 1 Consistent across various studies 2 and post - marketing data 3 Safe and well - tolerated Improved scarring and comparable wound closure 14 ml 814.51 ml NexoBrid N=75 SOC N=75 4 % 72 % NexoBrid
N=75 SOC N=75 93.3 % 4.0 % NexoBrid N= 75 Gel Vehicle N= 25 Incidence of complete eschar removal P< 0.0001 Time to complete eschar removal (days) P< 0.0001 NexoBrid N= 75 SOC N= 75 1.0 0.5 0.0 0 10 20 30 40 Incidence of surgical eschar removal
P < 0.0001 Blood loss P< 0.0001 NexoBrid ® SOC NexoBrid ® SOC NexoBrid ® Placebo NexoBrid ® SOC 815 ml [N= 100 ( 75,25 )] [N= 150 ( 75,75 )] [N= 150 ( 75,75 )] [N= 150 ( 75,75 )]
0.0 5.0 10.0 15.0 20.0 25.0 30.0 35.0 40.0 2024 2025 2026 2027 BARDA/DoD/Other Prouct 1 . Global demand exceeds current manufacturing capability 3 X 2 .
Subject to regulatory approvals 3 . Variability driven by development services revenue 13 Growth Supported by Facility Scale - Up 1 2026 2025 2024 2023 Planning and Initiation Construction FDA/ EMA Submissions X Capacity 6 1 Increase Full
manufacturing capacity anticipated in 2025 / 6 NexoBrid ® target revenue ($M) (E) (E) 34 - 38 2 30 - 33 2 24 - 26 2 US EU (E) 20
Superior to SOC - aims to set a new bar for efficacy $ 2.5 B TAM opportunity De - risked - validated technology and successful Phase 2 trials Next -
Generation Enzymatic Debridement Candidate for Chronic Wounds ( 5 % concentration)
Debridement is a critical first step towards healing in both VLU and DFU 15 EscharEx ® Targets Lower Extremity Chronic Ulcers 1 . Primary Research, Alira
Health analysis ( 2025 ) VLU Venous Leg Ulcers Underlying pathology - C hronic venous insufficiency Affects - Lower leg or ankle Ulcer characteristics - Large , shallow ulcers; m oderate / severe pain Prevalence – 2 % of population age 65 + 1.5 M+
new cases annually (US) 1 Complications - I nfection, pain, disability Societal impact - Substantial healthcare burden , low QoL Management - Debridement, wound bed preparation, compression therapy , control inflammation and infection , promote
healing Underlying pathology - Diabetes (Type I/II) Affects - Mostly bottom of the foot Ulcer characteristics - Small , deep ulcers; varying pain levels Prevalence - 25 - 34 % of diabetics develop DFU in their lifetime 2.2 M+ new cases annually (US)
1 Complications - I nfection , sepsis, amputation, death Societal impact - Substantial healthcare burden , low QoL Management - Debridement, wound bed preparation, offload pressure, moist wound healing, control inflammation and infection, promote
healing DFU Diabetic Foot Ulcers
Modalities by efficacy and complexity Modalities by ulcer type (U.S.) 1 Efficacy Trained Specialist Untrained HCP/ Nurses Ultrasonic Biological Sharp
Current Enzymatic Autolytic 1 . Primary Research, Alira Health analysis ( 2025 ) 16 Chronic Ulcers: Current Debridement Treatments are Sub - Optimal Surgical EscharEx ® 64 % 45 % 5 % 6 % 10 % 11 % 1 % 1 % 3 % 9 % 7 % 5 % 3 % 4 % 3 % 15 % 2 % 3 % 0%
20% 40% 60% 80% 100% DFU VLU Other Mechanical Only Non-sharp Combo (without Enzymatic) Sharp + Autolytic Autolytic only Non-sharp Combo (with Enzymatic) Sharp + Enzymatic Enzymatic only Sharp Only
Indication: Rapid debridement and promotion of healthy granulation tissue (WBP) in chronic and hard - to - heal wounds 1,2 Status : Investigational drug
17 Eschar Ex ® Enzymatic Debridement within Days ▪ Debrides chronic ulcers within 4 - 8 daily administrations ▪ Easy - to - use topical application ▪ Designed for all patient settings ▪ Reduces bacteria and biofilm ▪ Promotes granulation tissue ▪
Aligns with treatment workflows & reimbursement landscape VLU Venous Leg Ulcers DFU Diabetic Foot Ulcer 1 . Wound bed preparation (WBP) = complete debridement + complete granulation 2 . Snyder et al. 2025 ; Wounds Journal
1 . Shoham et al. 2024 ; LANCET ’ s eClinicalMedicine 2 . Snyder et al. 2023 ; Wounds Journal 3 . Shoham et al. 2021 ; Wound Rep Reg 18 Robust and
Consistent Results in Three Phase 2 Studies SCREENING DAILY WEEKLY NON - SURGICAL SOC FOLLOWUP PharmEx 2 VLU, DFU EscharEx n= 12 MW - EX 01 3 VLU, DFU, Traumatic EscharEx n= 73 Placebo n= 38 ChronEx 1 VLU EscharEx n= 46 Placebo n= 43 SOC n= 30
RANDOMIZATION ✓ Debridement ✓ Wound Bed Preparation ✓ Debridement ✓ Wound Bed Preparation ✓ Wound size reduction ✓ Biofilm disruption ✓ Bacterial load reduction ✓ Debridement ✓ Wound size reduction 2 w 14 w
63 % 30 % 13 % 1 . Shoham et al. 2024 ; LANCET ’ s eClinicalMedicine 2 . Snyder et al. 2023 ; Wounds Journal; Shoham et al. 2021 ; Wound Rep Reg 19
ChronEx Phase 2 Study 1 - Endpoints Significantly Met No safety issues observed; efficacy results consistent with previous Phase 2 studies 2 EscharEx is superior to placebo and non - surgical SOC (NSSOC) EscharEx ® Placebo n = 46 n = 43 EscharEx: 9
days vs. NSSOC/placebo: 59 / 63 days Time to complete debridement % Patients P = 0.004 NSSOC n = 30 Complete debridement within 2 weeks (primary endpoint) P = 0.004 P < 0.001 P = 0.016
Time to WBP Incidence of WBP 1 . Shoham et al. 2024 ; LANCET ’ s eClinicalMedicine 2 . Hazard Ratio 20 ChronEx Phase 2 Study 1 - Rapid Wound Bed
Preparation Achieved 50 % 25 % 10 % EscharEx N = 23 Gel Vehicle N = 11 NSSOC N = 3 Study suggests that faster wound bed preparation increases the probability of wound closure WBP & Healing Subjects reaching WBP are 4.1 X more likely to achieve
wound closure (p = 0.0004 ) Significant correlation of WBP vs. time to wound closure. HR 2 of 11.96 (p < 0.0001 ) EscharEx ® n = 23 Placebo n= 11 NSSOC n = 3 EscharEx 11 days vs. placebo 85 days EscharEx is superior to placebo and NSSOC P = 0.01 P
< 0.001 P = 0.004 P = 0.011
1 . Snyder et al., 2023 ; Wounds Journal 2 . The PharmEx trial included VLU and DFU patients 21 PharmEx Phase 2 Study - Surpassing Traditional Debridement
Reduction in wound size, biofilm and bacterial burden 2 35 % Wound size reduced by end of two - week follow - up 65 % Bioburden reduction by end of treatment Complete debridement within 8 applications 70 % Biofilm reduced for patients positive at
baseline 100 %
1 . The comparison presented represent cross - trial comparison 2 . OW Primary Research 3 . Lantis JC and Gordon I., 2017 ; Wounds 4 . Patry et al., 2017
5 . Snyder et al., 2023 ; Wounds 6 . SOC in the Phase 2 trial included SANTYL ® 7 . Based on the data to date 8 . SANTYL ® PI 22 EscharEx ® Well - Positioned to Become Market Leader 1 EscharEx ® SANTYL ® Investigational drug Ͳ Phase 3 expected to
begin in 1 Q 2025 Mixture of enzymes; m ultiple targets of action Debridement, promotion of granulation, reduction of biofilm & bacteria 5,7 1 - 2 weeks , daily; Monotherapy Controlled Phase 2 trials; significant superiority over hydrogel &
SOC 6 Demonstrated to be safe and well - tolerated 7 Approved in the 1960 s; $ 375 M+ annual revenues ( 2023 ) Existing reimbursement code 2 Collagenase; s ingle target of action Debridement 8 4 - 8 + weeks , daily; typically coupled with sharp
debridement 3 “ There is a lack of RCTs with adequate methodological quality ” 4 Demonstrated to be safe and well - tolerated
1 . Post - hoc data from the ChronEx Phase 2 study 2 . Comparable incidence of adverse wound reactions identified 23 EscharEx ® vs. SANTYL ® Head - to -
Head Data 1 Consistent results in pediatric Phase 3 study, EU Phase 3 study and post marketing data 2 Patie nt - rep orted pain 2 Incidence of complete debridement in 2 weeks p= 0.001 Time to achieve WBP p= 0.014 Time to wound closure p= 0.05
Safety: Safety & tolerability | ECG | Change in pain | Wound infection rates | Immunogenicity Research collaborations with Solventum , Mölnlycke and
MIMEDX 24 EscharEx ® VALUE Phase 3 Study in VLU Patients STUDY OBJECTIVES To assess safety and efficacy of EscharEx compared to placebo in VLU patients A global (US, EU, ROW), randomized, double blind, adaptive design study in VLU patients STUDY
DESIGN Co - primary : Incidence of complete debridement Incidence of complete wound closure Secondary: Incidence of 100 % granulation tissue Time to complete debridement Time to complete wound closure Change in wound area ENDPOINTS Two arms: EscharEx
vs. placebo, 1:1 ratio Sample size: 216 VLU patients Study design: • Daily treatment: Up to 8 applications over 2 weeks, followed by 10 weeks of standardized wound management • Active wound closure (CTP/ autograft) for patients reaching WBP • 12
weeks durability follow - up for patients that reached wound closure Pre - defined interim assessment: Conducted after 67 % of patients completed the initial 12 - week period
Safety: Safety & tolerability | ECG | Change in pain | Wound infection rates | Immunogenicity € 16.25 M funding from the European Innovation Council
accelerator 25 EscharEx ® Planned Phase 2 / 3 Study in DFU Patients STUDY OBJECTIVES 1 To assess safety and efficacy of EscharEx compared to placebo in patients with DFU A global (US, EU, ROW), randomized, double blind, adaptive design study in
patients with DFUs STUDY DESIGN Co - primary : Incidence of complete debridement Incidence of complete wound closure Secondary: Incidence of 100 % granulation tissue Time to complete debridement Time to complete wound closure Change in wound area
ENDPOINTS Three arms: EscharEx , placebo and SOC (SOC will be dropped early in the study) Sample size: 240 DFU patients Study design: • Daily treatment: Up to 8 applications over 2 weeks, followed by 10 weeks of standardized wound management • Active
wound closure (CTP/ autograft) for patients reaching WBP • 12 weeks durability follow - up for patients reaching wound closure Pre - defined interim assessment 1 . S ubject to agreements with FDA/EMA
EscharEx draws share across all debridement modalities 6 18 % 30 % EscharEx SANTYL 1 . Alira Health analysis ( 2025 ) 2 . Qualitative (N= 21 ),
quantitative (N= 96 ) across all care settings, HCPs and payors 3 . Skilled Nursing Facilities/Long - Term Care 4 . Home Health Agencies 5 . Wound Care Centers 6 . VLUs and DFUs 26 Primary Research Shows EscharEx Transforms Market 1 All care settings
report 2 strong drivers for adoption Reduced treatment duration Accelerated wound healing Accelerated debridement Reimbursement maximization Ease of use Reduction readmission risk 5 4 3
1 . Primary research, Alira Health analysis ( 2025 ). 2 . Secondary research . 3 . Peak projected revenues occur at 5 Y/ 4 Y post launch of VLU/DFU,
respectively 27 $ 725 M Projected Peak Sales in $ 2.5 B TAM in U.S. 1 DFU & VLU d ebridement patients Percent of patients undergoing debridement quantified through survey and refined via qualitative interviews: 7 2 % ( 76 % of DFU, 68 % of VLU)
DFU & VLU prevalence Estimated 2028 total patient population 2 2.42 M DFU and 1.68 M VLU , ( 4.10 M total) 2028 Total Addressable Market for Enzymatic Debridement Based on average treatment cost of $ 851 per patient , resulting in a TAM of $ 2.5
B ~ 4.10 M DFU: 2.42 M VLU: 1.68 M ~ 2.98 M DFU: 1.84 M VLU: 1.14 M ~$ 2.5 B DFU: ~$ 1.5 B VLU:~$ 1.0 B ~$ 725 M DFU: ~$ 450 M VLU:~$ 275 M Estimated Peak Sales of EscharEx in 2033 3 Peak projected revenue for EscharEx : $ 725 M , based on estimated
22.3 % conversion rate across all current debridement techniques.
28 Highly Experienced Leadership Team Ofer Gonen CEO Dr. Ety Klinger Chief R&D Officer Nachum (Homi) Shamir Chairman Dr. Robert J. Snyder CMO Barry
Wolfenson EVP Strategy & Corp Dev. Hani Luxenburg CFO Dr. Shmulik Hess COO & CCO
NexoBrid U.S. launch 29 Strategic Timeline 2027 - 8 2024 2025 2026 EscharEx VLU Phase Interim assessment; Last patient out $ 25 M PIPE + € 16.25 M EIC
funding EscharEx VLU Phase execution NexoBrid $ 24 - 26 M revenue EscharEx vs. collagenase Head - to - Head study EscharEx FDA approval $ 75 M+ revenue with contribution from EscharEx U.S. based manufacturing facility Mölnlycke strategic
collaboration EscharEx DFU Phase 2 / 3 initiation NexoBrid $ 30 - 33 M revenue BARDA/DoD Partnerships 6 X facility scale - up completion Positive cashflow