Mesoblast (ASX: MSB) focuses on advancing its three lead phase 3 assets

Wed 14 Feb 24, 03:46 AM | Team Kalkine

Image source: © Sofiaworld | Megapixl.com

Highlights

Mesoblast is an ASX-listed biotech firm focused on developing allogenic cellular medicines for treating severe and life-threatening inflammatory conditions

In FY23, MSB’s revenue from royalties dropped by 26.5% YoY and commercialization revenue fell by 17% YoY

Itescu (Silviu) has maximum stake in MSB with a shareholding of nearly 7.78%

Mesoblast Limited (ASX: MSB) is a biotech company which is focused on developing allogenic cellular medicines for treating severe and life-threatening inflammatory conditions. The company manages a portfolio of late-stage product candidate.

In the financial year 2023 (FY23), the company recorded 26.5% YoY decline in revenue from royalties to USD 7.5 million and 17% YoY decline in commercialization revenue to USD 7.5 million. The decline in revenue was driven by a singular achievement from Takeda related to the approval of Alofisel in Japan in FY22.

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