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Mesoblast (ASX:MSB) reports a net loss US$45.3 million for nine months
28/05/2020 10:40:00
Mesoblast (ASX:MSB) the company that develops cellular medicines for inflammatory diseases, has reported a net loss of $US45.3 million in the nine months to the end of March.
This a 34 per cent reduction compared with US$69.1 million in the same corresponding period is driven by a 113 per cent increase in total revenues and 15 per cent decrease in research and development spend.
They will continue with trials for Remestemcel-L for the treatment of COVID-19.
During the period March-April 2020, 12 ventilator-dependent patients with moderate/severe COVID-19 ARDS were treated with two infusions of remestemcel-L.
Nine patients successfully came off ventilator support at a median of 10 days and were discharged from hospital.
Shares in Mesoblast (ASX:MSB), are trading 4.43 per cent higher at $4.01.
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Open | High | Low | Value | Volume |
53.0¢ | 53.0¢ | 45.0¢ | $95.35K | 203.3K |
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46.0¢ | 3290 | 2 |
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1 | 2272 | 0.440 |
2 | 6250 | 0.430 |
2 | 6500 | 0.425 |
3 | 21500 | 0.420 |
Price($) | Vol. | No. |
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0.460 | 3290 | 2 |
0.470 | 8241 | 1 |
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