“Mesoblast anticipates that it will continue to receive Australian government funds for ongoing R&D activities undertaken during the 2016 financial year,” the company said today.
Source
http://www.*.com.au/mesoblast-gets-6-2-million-rd-funding-its-shares-take-off-2016-5
Good thing with this is that it is tailor made for Kentgrove Capial (PRIVATE) to be matched dollar for dollar by the Australian Government (PUBLIC)
MSB ticks all the boxes to obtain a sizeable amount of the $500m Fund.
THE AIM OF THE FUND IS STATED BELOW
The Government is keen to partner with the private sector to both support biomedical innovation and improve health outcomes for Australians. The BTF is a key initiative of the National Innovation and Science Agenda that seeks to close the gap between early and late stage research — often called the ‘valley of death’ — that holds back the commercialisation process.
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