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FibroBiologics advances clinical trials for diabetic foot ulcers, reports Q1 2026 financials with $3M raised

Company Fundamentals
30 Apr 2026
GlobeNewsWire
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Bullish
pluang ai news

FibroBiologics completed manufacturing and site onboarding for its phase 1/2 trial of CYWC628 to treat diabetic foot ulcers, aiming to dose the first patient in Q2 2026. The company reported positive preclinical results for burn and degenerative disc disease programs, expanded its patent portfolio, and raised $3 million through a direct offering. Financially, FibroBiologics posted a $5 million net loss for Q1 2026, with increased R&D expenses due to clinical trial preparations. Upcoming milestones include interim trial results in Q3 2026 and IND submissions for psoriasis and multiple sclerosis treatments later in the year.

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