MSB 2.03% $1.45 mesoblast limited

Ann: Trading Halt, page-379

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  1. 3,933 Posts.
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    My opinion;

    Early trade on NASDAQ - MESO - trading halt.

    FDA contacted MSB. We don't know the details, but we can presume it was sensitive enough to request TH.

    9 hours later, TH on the ASX.

    It's fair to say the FDA is in discussion with MSB regarding details of Ryoncil.

    Bottom line is, it's close to approval with a few conditions that need to be ironed out.
    If it was not to be approved, you don't need 1-4 days to prepare a letter of CRL.

    Also, when a CRL is recommended and announced to market, the company arranges to meet with the FDA to discuss the process to get the product approved.

    Also, I don't believe the FDA has given MSB a heads up regarding date announcement. There is more to it, thus my opinion above.

 
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