Promising Clinical Data Adds to Partnering Appeal for Mesoblast
We increase our fair value estimate for no-moat Mesoblast by 10% to AUD 2.30 per share, following the release of promising clinical data this time from the firm’s Tier 1 MPC-06-ID program. Nonetheless, our very high fair value uncertainty rating remains intact. Specifically, we increase our probability of success to 40% from 20% for this clinical program and as a result, it now represents 16% of our revised fair value estimate.Importantly, positive clinical data from phase 2 trial of product ca...
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.
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.
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