• FibroBiologics has completed a proprietary master cell bank for its fibroblast-based therapy CYWC628, which targets diabetic foot ulcers affecting millions worldwide.
• The company has established a partnership with Charles River Laboratories to manufacture the cell bank and drug products for an upcoming Phase I/II clinical trial scheduled to begin in Q2 2025 in Australia.
• With $14 million in cash reserves and access to additional financing, FibroBiologics aims to complete the clinical trial by the end of 2025, potentially revolutionizing treatment for chronic wounds.