Mesoblast (ASX:MSB) reported a gross revenue of $21.9 million on sales of its drug Ryoncil for the quarter ended Sept. 30, up 66% from the June quarter, according to a Tuesday Australian bourse filing.
Ryoncil is the first mesenchymal stromal cell product approved by the US Food and Drug Administration for any indication and the only product approved for children under age 12 with steroid-refractory acute graft-versus-host disease, the filing added.
The company's shares rose nearly 8% in recent Tuesday trade.