Report
Adam Fleck
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Morningstar | Not Yet Time to Have a Blast. Our FVE for Mesoblast Maintained at AUD 2.35.

We expect Mesoblast to enjoy substantial near-term growth from a U.S. launch of its MSC-100-IV treatment for acute graft versus host disease, or aGvHD, following strong outcomes in the product’s ongoing phase 3 trial. The company also continues to develop additional adult stem cell therapies based on its proprietary mesenchymal precursor cells, or MPCs, extracted from bone marrow. Beyond aGvHD, large underserved potential markets include heart failure patients, bone marrow regeneration in cancer patients, and several orthopaedic indications. Mesoblast has additional products in trials targeting these areas, including MPC-150-IM for chronic heart failure, where phase 3 recruitment was completed in early 2019. Continued success in future milestones could massively lift profits, albeit with a great deal of uncertainty.
Underlying
Mesoblast Ltd.

Mesoblast is engaged in the development of regenerative medicine products. Co. has leveraged its proprietary technology platform, based on specialized cells known as mesenchymal lineage adult stem cells ("MLCs"), to establish a portfolio of late-stage product candidates. Co.'s allogeneic, "off the shelf" product candidates target advanced stages of diseases with high, unmet medical needs including cardiovascular conditions, orthopedic disorders, immunologic and inflammatory disorders and oncology and hematologic conditions. Each MLC-derived product candidate has technical characteristics, target indications, reimbursement strategy, commercialization potential, and partnering opportunities.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Adam Fleck

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