There was a lot of discussion in Oz about it. CSL had a two day fall from $A305 to $A282.25 yesterday BEFORE the big fall in US markets, purely based on the CSL failed heart trial. That's a market cap loss of $A11bn or $US7.1bn. It's a reminder of how much a successful trial could add to the Meso market cap. Adding $US7.1bn to the market cap would take Meso up to $US71.90 per MESO ADR ($A11.10 per MSB Aussie share).Note these are not my valuations, just an indication of what a similar mkt cap move would do to the Meso share price IF it happened. It would probably require a confirmatory trial by Meso showing similar spectacular reductions in MACE - cardiac death, strokes and heart attacks as Dr Perin achieved for Meso in the DREAM trial. An accelerated approval in paediatric HLHS or LVAD would also get a big vote of confidence from the market.The market is clearly not pricing any of this into the Meso price at present - in large part because of poor communications by Meso and a loss of confidence in SI by instos. As several people have said, it would be very cheap for CSL to buy Meso and get access to the whole portfolio for a fraction of the value of the CSL heart market cap.
E
Aloha.
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Last
$1.07 |
Change
-0.025(2.29%) |
Mkt cap ! $1.216B |
Open | High | Low | Value | Volume |
$1.10 | $1.10 | $1.06 | $4.942M | 4.613M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 70659 | $1.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.07 | 43531 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 70659 | 1.065 |
10 | 321922 | 1.060 |
10 | 163165 | 1.055 |
18 | 145872 | 1.050 |
5 | 82472 | 1.045 |
Price($) | Vol. | No. |
---|---|---|
1.070 | 43531 | 2 |
1.075 | 45000 | 1 |
1.080 | 12400 | 2 |
1.085 | 37622 | 4 |
1.090 | 28097 | 2 |
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