Why Did Mesoblast (ASX:MSB) Fall Despite Strong Ryoncil Growth?
Highlights Mesoblast's first-quarter Ryoncil net revenue rose strongly on a year earlier. Net operating cash spend improved sharply, leaving a solid cash balance. Revenue was below the level reported in the June quarter, which the company linked to seasonal summer patterns. Mesoblast (ASX:MSB), the Melbourne-based developer of cell therapies, reported strong year-on-year growth in sales of its first commercial product, Ryoncil. But the shares fell sharply on Friday, suggesting investors focus...





