Mesoblast (ASX:MSB) reported cell therapy products revenue of $20.6 million for the quarter ended Sept. 30, more than tenfold from last year, according to a Monday Australian bourse filing.
The company also said it intends to start a pivotal study of its drug Ryoncil, in adults with severe in adults with severe steroid-refractory acute graft-versus-host disease (SR-aGvHD), the filing said.
Ryoncil is the company's mesenchymal stromal cell product, approved by the US Food and Drug Administration, to treat SR-aGvHD in children under age 12.
Shares of the company rose past 2% in recent Monday trade.