Mesoblast appoints new director
Mesoblast (ASX:MSB) has appointed former Roche Pharmaceuticals CEO William M Burns to its board as a non-executive director.
Burns was CEO of the Roche division from 2005-2009 and also served as a non-executive director on the Roche board between 2010 and this year.
He also serves on the board of Genentech, Chugai Pharmaceutical and Shire.
“Regenerative medicine has the potential to make a major impact on the way serious medical diseases are treated,” Burns commented. “Mesoblast is the global leader in the development of adult stem cell therapies and I am delighted to join this exciting company.”
Mesoblast recently reported its results for the first half of FY14, revealing it ended the period with a cash balance of $250.3 million despite an 11% higher net loss of $30.8 million.
Last month, the company secured a European patent covering use of its mesenchymal precursor cells (MPCs) in cardiac and vascular conditions.
Mesoblast (ASX:MSB) shares were trading 1.04% higher at $5.81 as of around 1.30 pm on Monday.
ADHD may be linked with an increased risk of dementia
An adult brain affected by attention deficit hyperactivity disorder (ADHD) presents modifications...
Placebos appear to reduce PMS symptoms
Women affected by premenstrual syndrome (PMS) appear to experience less intense and debilitating...
Medicinal cannabis linked to long-term health benefits
As scientists find a way to improve the effectiveness of CBD, a separate study shows that...
