Cowen & Co. Maintains Outperform Rating for MediWound: Here's What You Need To Know

Cowen & Co. has decided to maintain its Outperform rating of MediWound MDWD and raise its price target from $6.00 to $25.00.

Shares of MediWound are trading down 6.58% over the last 24 hours, at $12.50 per share.

A move to $25.00 would account for a 100.0% increase from the current share price.

About MediWound

MediWound Ltd is an integrated biopharmaceutical company focused on developing, manufacturing, and commercializing novel therapeutic products to address unmet medical needs in the fields of severe burns, chronic and other hard-to-heal wounds, connective tissue disorders and other indications. Its first biopharmaceutical product, NexoBrid removes dead or damaged tissue, known as eschar, in adults with deep partial- and full-thickness thermal burns also referred to as severe burns. NexoBrid is currently in clinical development in North America and is in the process of preparing its Biologics License Application. The company derives its revenue from the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.