Mesoblast off to good start in US review of Ryoncil

17 August 2020

A positive outcome from a meeting of the US regulator’s scientific panel lifted shares in Australian biotech Mesoblast (ASX: MSB) by more than half on Friday.

The stem cell specialist received a nine-to-one vote in favor of approving Ryoncil (remestemcel-L) in acute pediatric graft versus host disease (GVHD).

While the US Food and Drug Administration is not bound to follow the advice, it normally does. A full review will lead to a decision by the end of September.

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