Mesoblast (MSB)

Business description

Mesoblast is developing adult stem cell therapies based on its proprietary MPC and culture-expanded MSC platforms. It has six late-stage clinical trials across four areas.

Stock data

Market cap.A$851.6m
Last closeA$1.99
High / Low (52 weeks)A$3.3 / A$1.0
Stock market listingAU
Forecast net cash (US$m)58.9
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & healthcare

Price performance

%1m3m12m
Actual(3.4)(16.7)88.6
Relative *(2.8)(16.2)70.1

* % Relative to local index

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Company news

Durable Three-Year Outcomes In Degenerative Disc Disease After a Single ...

Wed, 15 Mar 2017 10:01:14 GMT

Why MesoBLAST limited is rocketing higher on FDA approval

Thu, 09 Mar 2017 00:00:00 GMT

Is the Mesoblast limited share price good value?

Thu, 25 May 2017 00:40:25 GMT

Cantor Fitzgerald Starts Mesoblast Limited (MESO) at Overweight ...

Wed, 07 Jun 2017 20:03:45 GMT

Here's why beaten down Mesoblast limited is making a comeback

Wed, 10 Aug 2016 03:33:45 GMT

Y/E Jun Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2015A 32.4 (98.0) (96.2) (29.99) N/A N/A
2016A 44.2 (86.3) (87.4) (0.20) N/A N/A
2017E 5.8 (81.3) (82.0) (20.59) N/A N/A
2018E 9.0 (80.3) (81.0) (18.92) N/A N/A

Last updated on 07/06/2017

Investment summary

Mesoblast has raised cash and cleared an interim futility analysis of its Phase III heart failure (HF) trial, will complete enrolment in H218 vs H217. In 2017, Mesoblast expects data from a Phase III trial in paediatric graft vs host disease (GvHD) by H217. An NIH-funded Phase IIb in end-stage HF may be reported by NIH in Q417. Mallinckrodt has an option until the end of Q3 to in-license the GvHD and the Phase III in chronic low-back pain (full enrolment expected in H217). Our indicative valuation is unchanged at A$1.72bn (A$4.02 per share) as we await these potential catalysts.

Last updated on 07/06/2017

Industry outlook

Mesoblast is the leading mesenchymal stem cell development company, with two platforms (MPCs, MSCs) and nine clinical candidates in Phase II and III. Alliances with JCR and Lonza underpin the key programmes.

Last updated on 01/06/2017

Key management

Company address

Level 39
55 Collins Street
Melbourne 3000
Australia
+61 3 9639 6036
View website