MSB 0.52% 95.0¢ mesoblast limited

"The proceeds will be used for Mesoblast’s ongoing Phase 3...

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    "The proceeds will be used for Mesoblast’s ongoing Phase 3 clinical programs including chronic heart failure, as well as for manufacturing requirements associated with product commercialization". What to make of this? Does it suggest partnership deal for this product is at distant; so they are funding themselves? or does it suggest they have confidence in their program so raising 40 million just to get going.
 
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