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MediWound initiated with a Buy at Alliance Global Partners

Alliance Global Partners analyst Scott Henry initiated coverage of MediWound (MDWD) with a Buy rating and $25 price target The Israel-based company is developing, manufacturing, and marketing wound care treatments and sells the NexoBrid therapy for burn care. The firm’s Buy rating is based on an expected near-term manufacturing capacity increase to expand NexoBrid sales, while longer-term it believes that the pipeline drug EscharEx could be “a transformative new product that could drive sustained profitability,” the analyst tells investors.

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