Biotech market spotlight: Mesoblast
Monday, 09 November, 2009
Regenerative medicine company, Mesoblast (ASX:MSB), has seen some fluctuating share prices over the past week, with it lifting 9.4% since last Monday's open, although it's down 3.3% in today's trading.
On Friday the company announced the latest in a series of successful trials of its stem cell treatments targeted at regenerating and repairing bone and cartilage.
The technology uses mesenchymal precursor cells (MPC), which are a form of adult stem cell that can generate new bone, cartilage, and blood vessels.
Friday's announcement concerned a study involving 18 patients who received bone marrow transplants using umbilical cord blood expanded by MPCs. These patients experienced faster recovery times and lower rates of graft-versus-host disease.
Mesoblast is currently at $1.16, down 4c or 3.33% at the close of trading on Monday evening.
Diabetes changes the structure of our hearts, study finds
Type 2 diabetes directly alters the heart's structure and energy systems, which explains why...
Beta blockers could halt triple negative breast cancer
Researchers have identified a molecular biomarker in triple negative breast cancer tumours which...
Common arthritis drug also lowers blood pressure
Scientists have known for a while that methotrexate helps with inflammation, but it may also help...
