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$715.1m
Last closeA$1.88
High / Low (52 weeks)A$4.2 / A$1.2
Stock market listingAU
Forecast net cash (US$m)87.8
Forecast gearing ratio (%)N/A
TeamHealthcare
SectorPharmaceutical & Healthcare

Price performance

%1m3m12m
Actual(25.3)6.2(52)
Relative *(27.2)(3.4)(49.5486)

* % Relative to local index

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Company news

Mesoblast Limited (NASDAQ:MESO) Analyst Review

Tue, 24 May 2016 10:18:45 GMT

Does Mesoblast limited (ADR) Have Any Gas After Today's Gap Up?

Sun, 22 May 2016 02:03:45 GMT

Why the Mesoblast limited share price exploded 26% today

Wed, 02 Mar 2016 05:29:09 GMT

Credit Suisse says Mesoblast limited has blockbuster potential

Wed, 20 Jan 2016 01:41:44 GMT

Revenue Update on Mesoblast limited (ADR)(NASDAQ:MESO)

Thu, 19 May 2016 20:48:45 GMT

Y/E Jun Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (fd) (c) P/E (x) P/CF (x)
2014A 25.1 (83.9) (75.5) (23.64) N/A N/A
2015A 32.4 (99.0) (94.9) (29.59) N/A N/A
2016E 22.0 (81.0) (76.6) (21.55) N/A N/A
2017E 23.4 (80.4) (77.8) (20.46) N/A N/A

Last updated on 20/04/2016

Investment summary

In its Q3 FY16 results presentation Mesoblast revealed the Phase III trial of Revascor in CHF cleared its first interim safety analysis; but, following FDA advice, no information was released on surrogate measures of efficacy. Mesoblast and Teva will update the market on timelines for the CHF Phase III programme later this quarter, while RA and GvHD data are expected next quarter. Mesoblast maintained a reduced cash burn of US$22m in Q3, giving it a cash runway to end FY17 on our estimates. Our valuation is unchanged at A$7.36 per share ahead of the CHF programme update.

Last updated on 11/05/2016

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 03/05/2016

Key management

Company address

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