Seeking Alpha 13 April 15
Obviously, the Celgene announcement was very good news for Mesoblast, and there are three obvious reasons for the share price increase.
Firstly, it provides a US vehicle (if Celgene takes up the first right of refusal on the project) for its most advanced program, JR-031 for treating acute GVHD (filed for approval in Japan).
Secondly, a group of other Mesoblast programs are included in the first right of refusal, so this is a potential opportunity to fast track other programs.
Thirdly, on the corporate front, Celgene's interest might put some pressure on TEVA (NYSE:TEVA), which has close to a 20% stake in Mesoblast through its acquisition of Cephalon. TEVA also has a major partnership with Mesoblast on chronic heart disease, with phase 3 trials in progress.
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