Mesoblast not ready to give up on innovative cell therapy
Shares in Australian biotech Mesoblast (ASX: MSB) dropped by a fifth on Tuesday, after the firm announced the DREAM-HF Phase III trial missed its primary endpoint.
Mesoblast, a leader in allogeneic cellular medicines for inflammatory diseases, is testing rexlemestrocel-L as an option for advanced chronic heart failure.
While the study produced a significant reduction in the pre-specified endpoint of cardiac death, there was no reduction in recurrent non-fatal decompensated heart failure events.
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