MediWound

MediWound

MDWD
Yavne, Israel· Est.
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MDWD · Stock Price

USD 17.27-0.25 (-1.46%)
Market Cap: $218.5M

Historical price data

Market Cap: $218.5MPipeline: 11 drugs (4 Phase 3)Founded: 2000Employees: 100-150HQ: Yavne, Israel

Overview

MediWound is an Israeli biotech company with a mission to deliver innovative, cost-effective enzymatic solutions for severe burn care and hard-to-heal wounds. Its key achievement is the global regulatory approval and commercialization of NexoBrid, an orphan biologic for burn eschar removal, including recent FDA approval in December 2023. The company's strategy leverages a fully integrated, vertically operational model—spanning R&D, cGMP manufacturing, and targeted commercialization—to advance its core bromelain-based platform into large chronic wound markets, with EscharEx currently in Phase 3 trials.

Burn CareChronic Wound Care

Technology Platform

Proprietary platform based on proteolytic enzymes enriched from the bromelain family, enabling selective enzymatic debridement that targets non-viable tissue while preserving healthy tissue.

Pipeline

11
11 drugs in pipeline4 in Phase 3
DrugIndicationStageWatch
NexoBrid + Gel VehicleThermal BurnsPhase 3
NexoBridThermal BurnsPhase 3
EscharEx (EX-03) + Placebo (Gel vehicle)Venous Leg Ulcer (VLU)Phase 3
DGDBurnPhase 3
EscharEx (5% EX-02 formulation) + Gel Vehicle + Non-surgical...Venous Leg UlcerPhase 2

Funding History

3
Total raised:$58M
IPO$35M
Series B$15M
Series A$8M

FDA Approved Drugs

1
NEXOBRIDBLADec 28, 2022

Opportunities

The recent U.S.
FDA approval for NexoBrid unlocks the world's largest burn care market, while the late-stage EscharEx program targets the multi-billion dollar chronic wound care segment, specifically venous leg, diabetic foot, and pressure ulcers.
Successful penetration of these markets could drive transformative revenue growth.

Risk Factors

Key risks include the potential failure or delay of the pivotal Phase 3 trial for EscharEx, slower-than-expected commercial adoption of NexoBrid in the U.S., and the need for substantial capital to fund multiple late-stage clinical trials, which may lead to shareholder dilution.

Competitive Landscape

In burns, NexoBrid competes primarily with traditional surgical debridement, holding an advantage with its selective, non-surgical approach and orphan drug status. In chronic wounds, EscharEx will face competition from various debridement methods (surgical, autolytic, mechanical, other biologicals), requiring robust data to demonstrate superior efficacy and cost-effectiveness.

Company Timeline

2000Founded

Founded in Yavne, Israel

2007Series A

Series A: $8.0M

2010Series B

Series B: $15.0M

2014IPO

IPO — $35.0M

2022FDA Approval

FDA Approval: NEXOBRID