MSB 4.66% $1.46 mesoblast limited

@otherperspective Been making use of these wonderful armchairs...

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    @otherperspective

    Been making use of these wonderful armchairs of mine over the past few days, therefore apologies for my delayed reply.

    Also apologies that I have apparently "overstepped a mark" -
    set by whom exactly?
    Why?
    And how did I overstep it? By quoting articles, press releases and asx announcements?

    I can only quote what's in the public domain, and with all due respect, if your name pops up in an article, which is - amongst other things - discussing figures such as "20 doublings" and "roughly 20,000 MSCs are recovered from a donor and amplified", then you can't complain when "certain people" come along and compare that with previous asx announcements listing dosages etc. It is simple arithmetic, not rocket science...
    And if that same article quotes you as worrying "about an iPS-derived cell that has many genetic and epigenetic mutations", to then put an asx announcement out less than 12 months later praising "highly-scalable, allogeneic cellular immunotherapies" together with the remark "2. IPSCs, when cultured, are capable of unlimited self-renewal, as well as of reproducing all adult cell types in the course of their differentation", it is almost comical, if not hypocritical in my view.
    I understand and agree with your point of "commercial sensitivity", but by putting such statements out there, I do not consider these statements a "mark" that has to be accepted as gospel and therefore cannot be questioned. That is the complete opposite of having an "otherperspective" by any means.

    I followed your advice and read up more on (3D) bioreactors, and the potential for "future treatments" you have described. This may come as a surprise to you, but I have not been "blissfully unaware" about the yields, which you mentioned as "recently" and "new". Tristan Lawson's research paper dates (and I quote): "Received 4 May 2016, Revised 21 November 2016, Accepted 22 November 2016, Available online 23 November 2016", whilst "my" quotes (they weren't my quotes, I merely referred to them) have their origin in an article dated 20 July 2017.
    Splitting hairs, however it puts it all in perspective. Yes, commercially sensitive and all that, I know...

    As you mentioned in your post (and I take your word for it, as I couldn't find anything stating that such 43-fold scale-up production processes of human MSCs, which "display similar properties to those grown in flask" (link below) have found their way from being a promising study for "future treatments", including "harvesting methods [that] could be applied, to the commercial supply chain a la Lonza, apceth, FujiFilm etc.), manufacturing processes have improved substantially and I agree, they certainly seem to be the/a answer for the future manufacturing of future treatments at commercial scale.
    But as you said, we will have to wait and see I guess.
    You did however describe these changes as "fundamental", which begs the question regarding CMC (chemistry, manufacturing and controls) when it comes to FDA requirements. Not saying it is, just raising a point to look into over the next holiday period
    https://www.sciencedirect.com/science/article/pii/S1369703X16303266

    There have been research papers published before, containing claims like "10,000 or more doses from one donor", even showing promising results in small trials, yet these results could not repeated when it came to multiple large phase 3 trials. And that is where the main difference is between your "global pharma companies [which] has been doing [this] for years and a biotech company developing a commercially viable, large-scale manufacturing process.
    I'm looking at you, Osiris! Yes, old tech etc. but they all strongly believed in their manufacturing process at the time.
    Here is some interesting review on these trials and in the lack of any official, fully disclosed phase 3 trial data, some commentary which I found very intriguing:
    http://stemcellassays.com/2013/01/failure-mesenchymal-stem-cells-gvhd-devil-cell-prep/
    https://seekingalpha.com/article/12...tics-on-the-brink-products-failing-to-deliver
    http://celltrials.info/2016/09/14/blame-absence-approved-stem-cell-products-us/
    (this is by the way the only mention of the $1 billion cost you stated, however it is outdated due to regulation/act/law changes since)
    https://www.cell.com/cell-stem-cell/pdfExtended/S1934-5909(18)30222-4

    This is where both MSB and Cynata are in the same boat: both companies claim to have a solution to this bottleneck, IP protecting it and so on.
    Again, time will tell and as the Osiris example above is reminding us:
    Coming first to the party doesn't necessarily mean that you will get to eat the whole cake by yourself (if any).

    Whilst I mostly share your view (which has been expressed on here in reply to my first post as well) that companies like Tasly and FujiFilm know more and are/were therefore willing to invest in what we see to be the next big thing - lets not forget the apceths (token payment), Cephalons/Tevas ($130 mio upfront + $220 mio = $4.35ish/share) and Genzymes ($130 mio upfront to Osiris). We all thought that they knew more, yet they walked away for whatever reason/s, returning the licences/rights (and selling off their shares).
    I trust that no links are needed for the above...

    I could go on with my argumentation, but in the end, both of us have our well researched view, combined with trust in the technology to a degree us "armchair medical experts" can understand and comprehend it as well as faith in the management team in charge of our investments.

    I wish you guys all the best and please feel free to give me/us also a bit of a reality check now and then over on the other thread. As I said before, I'm guilty as charged wearing my rose-coloured glasses more often than not, which is a dangerous and costly thing to do.

    Cheers,

    "certain people"


    P.S.: No need for a "pity thumb"

    P.S.P.S.: No harm intended
 
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