Cowen analyst Joshua Jennings raised the firm’s price target on MediWound (MDWD) to $25 from $6 and keeps an Outperform rating on the shares after the FDA approved NexoBrid and triggered a $7.5M milestone from Vericel (VCEL). MediWound will benefit from high-single digit royalties on U.S. Nexobrid sales, also recently announced regulatory approvals in India and Japan and should secure EMA pediatric labeling in Q1, Jennings tells investors.
Published first on TheFly
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