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$542m
Last closeA$1.43
High / Low (52 weeks)A$4.5 / A$1.4
Stock market listingAU
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(21.5)(58.2)(66.1)
Relative *(16.9)(56)(61.3)

* % Relative to local index

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Company news

Analyst Coverage Updates - Mesoblast Limited (NASDAQ:MESO)

Thu, 04 Feb 2016 13:48:08 GMT

Credit Suisse says Mesoblast limited has blockbuster potential

Wed, 20 Jan 2016 01:41:44 GMT

Why the Mesoblast limited share price crashed today

Mon, 16 Nov 2015 04:41:15 GMT

Is Mesoblast limited a buy at today's share price?

Fri, 27 Nov 2015 01:41:15 GMT

Credit Suisse Starts Mesoblast Limited (MESO) at Outperform, $10 PT

Wed, 20 Jan 2016 11:47:54 GMT

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2013A 24.2 (58.7) (48.8) (17.21) N/A N/A
2014A 27.5 (77.4) (68.8) (21.53) N/A N/A
2015E N/A N/A N/A N/A N/A N/A
2016E N/A N/A N/A N/A N/A N/A

Last updated on 09/12/2015

Investment summary

As a leader in stem cell technologies, Mesoblast continues to make good pipeline progress, nearing market readiness for its mesenchymal-based treatments in multiple indications. The company has received its first product approval for Temcell in acute graft vs host disease in Japan. Phase III programmes for further lead products in congestive heart failure and lower back pain are moving forward. Following a recent US share offer, the company’s share price has declined dramatically and trades well below our revised fair value calculation of A$7.20 per share (from A$10.93).

Last updated on 25/01/2016

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 Teva, JCR, Celgene and Lonza underpin the key late-stage programmes.

Last updated on 05/01/2016

Key management

Company address

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