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Mesoblast has developed a cellular therapy that may significantly reduce deaths among the most severely sick COVID-19 patients. The proposed mechanism of action for remestemcel-L is a reduction in pathogenic inflammation mediated through the immunomodulatory activity of the mesenchymal stromal cells active ingredient.Nevertheless, the ODAC committee has now voted in favor of the candidate.It has been accepted for Priority Review by the FDA with an action date of Sep 30, 2020.Shares of Mesoblast have surged 60.3% so far this year compared with the industry’s growth of 4.2%.A potential approval of its lead candidate will be a significant boost for Mesoblast.We note that Incyte’s INCY Jakafi is already approved for steroid-refractory acute graft-versus-host disease (GVHD) in adult and pediatric patients 12 years and older. Hello, and welcome to the financial results for the period ended March 31, 2020, and corporate update for Mesoblast. The trial’s first 90 patients will complete 30 days of follow up during August, after which the DSMB will perform an interim analysis review of the safety and efficacy data. Taking a look at our data on the ownership groups (below), it's seems that institutions own shares in the company. Let's delve deeper into each type of owner, to discover more about Mesoblast.
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The FDA accepts Mesoblast's (MESO) BLA for Ryoncil (remestemcel-L) under a priority review to treat children with steroid-refractory acute graft …
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