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0 0 0.00307219662058379 0.00614439324116758 0.012288786482335 0.0151766513056837 0.01926267281106 0.0230414746543779
Stock impact report

Mesoblast Signs Deal In China For Stem Cell Heart Therapies [Seeking Alpha]

Mesoblast Limited - American Depositary Shares (MESO) 
US:NASDAQ Investor Relations: investorsmedia.mesoblast.com
Company Research Source: Seeking Alpha
Summary Mesoblast Limited ( MESO ) announced yesterday that it had entered into a partnership with China based Tasly Pharmaceutical Group . The deal gives Tasly exclusive rights in China for Mesoblast’s allogeneic mesenchymal precursor cell (MPC) product candidate MPC-150-IM for the indications of Chronic Heart Failure (CHF) and MPC-25-IC for Acute Myocardial Infarction, a.k.a, heart attack. Mesoblast is currently running two Phase III trials in the U.S. for CHF as indicated in the pipeline below from Mesoblast’s website: Under the agreement Mesoblast will receive $40,000,000 up front. $20,000,000 as a technology access fee and another $20,000,000 for the purchase of its Australian shares at a price representing a 20% premium to a blended volume weighted average price calculated over three months, one month and one day. Some of the other terms are: Tasly will receive exclusive rights and will fund all development, manufacturing and commercialization activ Show less Read more
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