Newly Approved Competitor for Mesoblast in U.S. Provides Pricing Insight; FVE Under Review
No-moat Mesoblast reported a third-quarter loss of USD 25 million, taking the cumulative nine-month losses to USD 69 million, but is on track to meet our full-year estimated loss of USD 90 million. Importantly, the company made progress in getting its first drug to market in the U.S. with the Biologics Licence Application review of remestemcel-L specifically for the treatment of acute Graft Versus Host Disease, or aGVHD, in children. This suggests a possible mid-calendar 2020 launch date for thi...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.
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