MSB 1.29% $1.18 mesoblast limited

Ann: Trading Halt, page-380

  1. 35,472 Posts.
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    OCT 2019 A$75m

    The net proceeds will principally be used to build product inventory and a targeted United States sales force in preparation for the potential United States commercial launch of remestemcel-L in the treatment of pediatric steroid-refractory acute graft versus host disease.

    MAY 2020 A$138m

    A significant portion of the net proceeds will be used to scale-up manufacturing of the Company’s lead product candidate remestemcel-L for the treatment of critically ill patients suffering with diseases caused by cytokine release syndromes associated with high mortality, particularly COVID-19 acute respiratory distress syndrome (ARDS)

    Why would MSB raise money after already raising over $200m in 8 months.??

    MSB also have a facility with Nova for GvHD.

    doesn't make sense, as Ped aGvHD numbers haven't changed.
 
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