- IPO MediWound (MDWD) closes at $17.27 up 23% today on 4.2M shares giving it a market cap of $364M.
- The Israel-based biopharmaceutical company focuses on severe burns, chronic and hard-to-heal wounds and connective tissue disorders.
- Its lead product, NexoBrid, is a topical gel for the removal of eschar (debridement).
- The firm launched NexoBrid in Europe in December 2013.
- A phase 3 clinical trial will commence in the U.S. by June.
- No sales as of year end.
- Operations burned $8M in 2013.
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at CNBC.com (Mar 27, 2014)
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