Strong Clinical Progress with EscharEx
Reported compelling results from a head-to-head analysis against SANTYL, demonstrating EscharEx’s superiority in key clinical endpoints like complete debridement and wound closure. Market research estimates peak sales potential at approximately $725 million.
Expanded Commercial Reach for NexoBrid
NexoBrid generated $20.2 million in revenue with a projected increase to $24 million in 2025. Expanded reach in Europe, Japan, and the US, with a 42% increase in US hospital orders in Q4 2024.
Strategic Collaborations and Funding
Secured €16.5 million from the European Innovation Council for EscharEx development and entered strategic research collaborations with key industry partners like Solventum, Mölnlycke, and MIMEDX.
Completed State-of-the-Art GMP Manufacturing Facility
Successfully completed construction of a new manufacturing facility, expected to reach full operational capacity by late 2025, with regulatory approval anticipated in 2026.
$25 Million PIPE Financing Round
Strengthened balance sheet with a $25 million PIPE financing round led by Mölnlycke, reflecting industry confidence.