Wednesday, January 27, 2021

Here’s how Mesoblast Ltd (MESO) stock price rocketed in the Pre-market hours

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Mesoblast Ltd (MESO) stock surged in the pre-market session as the company skyrocketed +99.77% at 17,72 after the global leader in allogeneic cellular products for inflammation diseases, announced UPBEAT additional results from the DREAM-HF study, an examination of 537 patients with chronic heart failure who were not eligible for rexlemestrocel-L or control sham.

Various clinical studies have demonstrated substantial and durable reductions in heart attacks, strokes, and cardiac deaths following a single dose of rexlemestrocel-L.

This significant improvement may be the first breakthrough in improving outcomes among chronic heart failure patients. These results suggest the New York Heart Association (NYHA) class II HFrEF patients as the best targets for commercialization and registration of rexlemestrocel-L in this large market of heart failure patients.

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