Mesoblast is committed to bringing to market innovative cellular medicines to treat serious and life-threatening diseases with significant, unmet medical needs.Mesoblast is using its proprietary mesenchymal lineage cell technology platform to develop and commercialize innovative allogeneic cellular medicines to treat complex inflammatory diseases resistant to conventional standard of care.The Company’s portfolio of Phase 3 product candidates are:Mesoblast’s Biologics License Application (BLA) for RYONCIL for the treatment of children with steroid-refractory acute GVHD has been accepted for priority review by the United States Food and Drug Administration (FDA). PERTH, Australia – Australian stem cell therapy company Mesoblast Ltd. announced that the FDA gave it the green light to test its allogeneic mesenchymal stem cell (MSC) product candidate remestemcel-L in patients with acute respiratory distress syndrome (ARDS) caused by coronavirus (COVID-19). In morning trade the allogeneic cellular products developer’s shares were up as much as 20% to $2.20.This morning Mesoblast provided an update on its allogeneic mesenchymal stem cell (MSC) product candidate remestemcel-L.According to the release, the company intends to evaluate remestemcel-L in patients with acute respiratory distress syndrome (ARDS) caused by coronavirus (COVID-19) in the United States, Australia, China, and Europe.Management revealed that it is in active discussions with various government and regulatory authorities, medical institutions, and pharmaceutical companies to implement these activities.Remestemcel-L is being developed for rare pediatric and adult inflammatory conditions. At time of writing, total confirmed cases were approaching 114,000, while total deaths were just under 4000. Mar. Chanticleer. Mesoblast shares jumped 4 per cent again early on Thursday morning as the local market followed Wall Street gains, yet lost momentum after the quarterly update and traded down 3.4 per cent at $3.71 by 3pm.The company is undertaking a phase-3 clinical trial involving 300 patients to test whether remestemcel-L can help those who have severe respiratory distress due to coronavirus.Updating investors on Thursday morning, management said it hoped early data from the trial would be available in two months.

Mesoblast CEO Silviu Itescu. Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.© 2009 - 2020 The Motley Fool Australia Pty Ltd. All rights reserved.ACN: 146 988 052 | Australian Financial Services Licence (AFSL): 400691 Sadly, mortality in COVID-19 infected patients with ARDS is reported to approach 50%. Sign up to Emma reports on healthcare companies for The Age and Sydney Morning Herald. "I would be very concerned about relaxing it, especially with the winter months coming," he said.

Importantly, total recoveries were approaching 63,000 people. Mesoblast is focused on creating a treatment for the worst-affected COVID-19 patients.

According to Mesoblast, the mortality rate for Covid-19 patients with ARDS is upwards of 50 per cent. Mesoblast Soars 219% on Promising COVID-19 Clinical Trial Data The small-scale study, including just 12 patients, could signal big potential for the stem cell company's drug candidate. Mesoblast chief medical officer Fred Grossman said there is a significant need to improve the dismal survival outcomes in COVID-19 patients who progress to ARDS and require ventilators. This enables manufacturing at industrial scale for commercial purposes.

"Once the genie is out of the bottle, it’s hard to put it back in again.

ASX-listed stem cell therapy company Mesoblast expects long-term demand for the COVID-19 treatment it is developing as the second wave of cases in Australia shows the virus is here to stay. It is currently being reviewed by the United States FDA for potential approval in the treatment of children with steroid-refractory aGVHD.Sadly, mortality in COVID-19 infected patients with ARDS is reported to approach 50%. Stock Alert: Mesoblast To Take A Shot At Coronavirus; Stock Up 28% . Mesoblast was one of the best-performing stocks on the ASX on Tuesday after it announced success in treating a small sample of patients that had a severe response to COVID-19. 'Not going away': Mesoblast boss urges staying social distancing courseMesoblast major shareholder and CEO, Professor Silviu Itescu. Mesoblast Shares Surge 206% on Hopes for Its Covid-19 Treatment By . "We anticipate that we will continue to incur losses for the foreseeable future, and we expect theEmma reports on healthcare companies for The Age and Sydney Morning Herald. Years of work in stem cell therapy technology by Mesoblast could soon be used to help COVID-19 … The treatment is aimed at those who are so critical they … Years of work in stem cell therapy technology by Mesoblast could soon be used to help COVID-19 patients in … It's not going away," he said.The chief of the regenerative medicine company also warned against relaxing any social distancing rules in the coming months, observing Australia's relatively low rate of infections was a result of the national shutdown. The Motley Fool Australia operates under AFSL 400691.


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