While the news was rather technical in nature, the bottom line is that traders reacted toward the bullish side of things, with shares of Mesoblast Limited (Nasdaq:MESO) currently bid up at $3.03/share (+37.73% implied open for sellers) at the time of writing. It should be an exciting session for this small cap!
Mesoblast Ltd is a clinical-stage biotechnology company. It develops and commercializes innovative allogeneic cellular medicines to treat complex diseases resistant to the conventional standard of care. Its portfolio of Phase 3 product candidates comprises remestemcel-L for the treatment of steroid-refractory acute graft versus host disease (SR-aGVHD), and for moderate to severe acute respiratory distress syndrome (ARDS) and others.
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