Mesoblast (ASX:MSB) Bounces Back On Covid-19 Treatment Update

  • November 11, 2020 06:29 PM AEDT
  • Team Kalkine

Melbourne-headquartered medical-techie company Mesoblast Ltd (ASX:MSB) rallied up after the company declared that the trial of Covid-19 treatment would continue.

Gold MTF non-AMP

The MSB stock had witnessed a downward trend after the reports of US pharmaceutical company Pfizer successfully brought a Covid-19 vaccine candidate into force.

There are reports that a drug remestemcel-L is being developed by Mesoblast for patients with moderate to severe acute respiratory distress syndrome (ARDS), a common complication in the most severe Covid-19 infections. This might have triggered the MSB’s bounce back.    

Meanwhile, the MSB stock closed at $3.280, up ~4.8% with a market capitalisation of $1.83 billion.

 

 

 


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