Mesoblast Says Nearly $100 Million in Revenue Generated During First Year of Ryoncil Launch; Shares Fall 5%

MT Newswires Live

04/30

Mesoblast (ASX:MSB) said gross sales for Ryoncil, its mesenchymal stromal cell product, during the March quarter were $35.3 million, according to a Thursday Australian bourse filing.

Net revenue was $30.3 million, bringing the revenue generated during the first year of the product's launch to nearly $100 million, per the filing.

Receipts from customers were $34.6 million in the March quarter, compared with $1.5 million in the year-ago period.

Mesoblast's shares fell nearly 5% in recent trading on Thursday.

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