On the funding side they have stated they are reducing cash burn by 20-25% on the previous corresponding periods. This will extend the runway into commercialisation of multiple products (potentially).
I believe they will sign 1-2 major partners this year, they did mention signing new partners in the last strategic update. But until this happens it does still remain a risk.
I have to say the risk/reward at these levels is very attractive hence why iv bought a large position. I disagree that the year has been an underperformance, results we received this year were very positive and we signed a major partner in celgene who tipped in 40 million dollars into mesoblst at almost 100% premium to the current share price. This clearly shows they have faith in the science. We also got product approval in Japan, received a royalty payment and the revenues will start rolling in shortly. The share price drop was purely on the Nasdaq listing and not on the science in my opinion.
MSB Price at posting:
$1.85 Sentiment: Buy Disclosure: Held
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