Mesoblast (OTCMKTS:MEOBF) Shares Up 40.7% – What’s Next?

Mesoblast Limited (OTCMKTS:MEOBFGet Free Report) was up 40.7% on Monday . The company traded as high as $1.90 and last traded at $1.90. Approximately 1,000 shares traded hands during trading, a decline of 99% from the average daily volume of 71,497 shares. The stock had previously closed at $1.35.

Mesoblast Stock Performance

The firm has a fifty day moving average of $1.45 and a 200 day moving average of $1.39.

About Mesoblast

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Mesoblast Limited (OTCMKTS:MEOBF) is a global leader in regenerative medicine focused on the development and commercialization of innovative allogeneic cell therapies. The company’s proprietary platform harnesses mesenchymal lineage adult stem cells to address a range of inflammatory and immunological conditions. Mesoblast’s pipeline includes multiple late-stage and marketed products that target serious diseases with high unmet medical needs.

The company’s lead product, remestemcel-L (Ryvicor/Ryoncil), is under development for the treatment of steroid-refractory acute graft versus host disease in pediatric patients and has received conditional approval for certain indications in Japan.

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