Mesoblast see strong commercialisation revenues for the quarter

Company News

by Rachael Jones

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Last Updated: 24/01/2020 12:26 PM

Mesoblast (ASX:MSB) today reported its operational highlights for their fourth quarter showing growth in revenues achieved by their Japanese partner in the treatment of acute graft versus host disease in the first three years post launch.

They saw increased revenues of 54 per cent for the quarter and 37 per cent for the year on sales of TEMCELL® in Japan by Mesoblast licensee JCR Pharmaceuticals.

Mesoblast initiated a rolling Biologics License Application (BLA) with the United States Food and Drug Administration (FDA) for remestemcel-L in the treatment of pediatric aGVHD.

Mesoblast (ASX:MSB) is a world leader in developing allogeneic, off-the-shelf, cellular medicines.

Shares in Mesoblast (ASX:MSB) are currently trading at trading 1.4 per cent higher at $1.49

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.