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MediWound stock plunges to a record low on gloomy future

MediWound Ltd. (NASDAQ: MDWD) stock plunged to a record low of $3.52 on Tuesday. The future of the biopharmaceutical company looks gloomy as its existing cash position remained insufficient for the advancement of EscharEx through BLA filing. However, investors believed this has created a buying opportunity of the stock as analysts are strongly recommending the same.

The company’s stock has tried…