MSB 2.72% $1.32 mesoblast limited

I wouldn't count on HC being any better. HC posters have spent...

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  1. 12,396 Posts.
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    I wouldn't count on HC being any better. HC posters have spent the past 2 days fretting about the class action settlement.They seem ignorant of the fact that the insurer settled the case, that there was no cost to Meso, but most importantly that the settlement does not affect the funding nor the chances of approval.Those two are all that matters for Meso - how long the cash runway lasts and whether it gets us through to the PDUFA date of Jan 7th.The insurer settling an action is sunk cost - but it isn't even a sunk cost to Meso - it is a complete nothing-burger, as the past two day's share price action showed. Volume is very light, around 2m shares per day and the price remains stuck in a tight range. The settlement means nothing for funding and FDA approvals - but the shorts use it to push people's buttons. I can see that on HC, but at least here, I have them on mute and don't have to read their twaddle. Just ignore them.

    ET

    Aloha.
 
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