It doesn't but you are rather missing the importance (as the market did) of the Novartis deal. $1.7 billion in potential payments rather subdues that need. SI is discussing a commercial partnership with several big Pharma's with regard to CHF. The dreaded CR acronym is something that was relegated to the rear view mirror with Novartis and will be a speck on it if another deal announced on these results today....very likely.
I urge people to look at Fate Therapeutics in the US, that got a J&J partnership of slightly larger montetary value. That stem cell company went from less than $2 billion mkt cap on the deal to now $8.5 billion - alas I didn't have anywhere near as much money in it as I do MSB, because I consider MSB's prospects better.
Ann: Mesoblast Phase 3 Chronic Heart Failure Results, page-388
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