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Mesoblast: Reduces cash outflows for the quarter | Fintech InShorts: Latest fintech news, analysis by experts

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Mesoblast: Reduces cash outflows for the quarter

By Steve Sam

January 28, 2022

Mesoblast Reduces cash outflows for the quarter

Mesoblast (MSB) reports cash outflows of US$19.8 million (A$28.3 million) for the quarter, a reduction of 38 per cent from the previous corresponding quarter.
The company says almost half of this expenditure was used for remestemcel-L regulatory and manufacturing activities
Revenues for the quarter were US$3.5 million (A$5 million), which includes US$2.3 million (A$3.28 million) from TEMCELL royalties on sales for SR-aGvHD in Japan
The company finished the quarter with US$94.9 million (A$135.5 million) cash on hand, with an additional US$40 million (A$57.1 million) available to be drawn down from existing financing facilities
MSB shares up 2.75 per cent higher to $1.12

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