Posts Tagged ‘MSB’

ASX Company News: Mesoblast Enters Stem Cell Manufacturing Agreement

Wednesday, September 28th, 2011

Global regenerative medicine company Mesoblast Limited (MSB) and Lonza Group, a world leader in biologic manufacturing, announced that they have entered into a strategic alliance for clinical and long-term commercial production of Mesoblast’s off-the- shelf (allogeneic) adult stem cell products. The alliance will provide Mesoblast with significant commercial advantages, including certainty of capacity to meet long-term global supply of its proprietary Mesenchymal Precursor Cell (MPC) products.

Under the agreement Lonza will supply Mesoblast’s clinical and long-term commercial MPC product needs globally. Mesoblast can trigger a process requiring Lonza to construct a purpose-built manufacturing facility exclusively for Mesoblast’s marketed products. In return, Mesoblast will purchase agreed quantities of marketed products from the facility. Mesoblast can exercise its right to buy out this manufacturing facility at a pre- agreed purchase price two years after the facility receives regulatory approval. Mesoblast will have exclusive access to Lonza’s Cell Therapy facilities in Singapore for the manufacture of allogeneic cell therapy products, subject to certain exceptions. Lonza will utilize its proprietary intellectual property to facilitate reductions in Mesoblast’s manufacturing costs and help enable development of enhanced second generation products.

Mesoblast Chief Executive, Professor Silviu Itescu, said that having access to Lonza’s best of breed manufacturing capabilities will give Mesoblast significant commercial advantages globally. “It is in line with our growth strategy to deliver the highest quality and most effective cell therapy products worldwide,” he added. “Lonza is very excited to work under this significant strategic relationship with leading cell therapy company Mesoblast,” said Stefan Borgas, CEO of Lonza. “The cell therapy market is anticipated to become a major growth industry with the potential to mirror the growth we have seen in monoclonal antibodies over the past 20 years.”

Mesoblast Limited (MSB) is a world leader in commercializing biologic products for the broad field of regenerative medicine. Mesoblast has the worldwide exclusive rights for a series of patents and technologies developed over more than 10 years relating to the identification, extraction, culture and uses of adult Mesenchymal Precursor Cells (MPCs). Lonza is one of the world’s leading suppliers to the pharmaceutical, healthcare and life science industries. Products and services span its customers’ needs from research to final product manufacture. It is the global leader in the production and support of active pharmaceutical ingredients both chemically as well as biotechnologically. Biopharmaceuticals are one of the key growth drivers of the pharmaceutical and biotechnology industries. Lonza has strong capabilities in large and small molecules, peptides, amino acids and niche bioproducts which play an important role in the development of novel medicines and healthcare products. In addition, Lonza is a leader in cell-based research, endotoxin detection and cell therapy manufacturing. Furthermore, the company is a leading provider of value chemical and biotech ingredients to the nutrition, hygiene, preservation, agro and personal care markets. Lonza is headquartered in Basel, Switzerland and is listed on the SIX Swiss Exchange.

www.mesoblast.com

http://www.traderdealer.com.au/fundamentals/msb

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Mesoblast Acquires Angioblast Systems

Thursday, May 13th, 2010

Australia’s regenerative medicine company, Mesoblast Limited (MSB) announced that it will acquire its United States associate company, Angioblast Systems, Inc. (Angioblast).  Additionally, Mesoblast announced it has completed a capital raising of $37 million to fund the acquisition and advance operations of the expanded Mesoblast Group. These funds comprise $24 million invested immediately and $13 million committed subject to both shareholder approval and completion of the acquisition offer.

Mesoblast Chairman Brian Jamieson said: “We are delighted to bring the commercial rights to the patented adult stem cell technology platform under one umbrella. With Mesoblast moving to 100% ownership of Angioblast, Mesoblast shareholders will derive much greater potential benefit from product commercialisation, and from the broader strategic partnerships or collaborations Mesoblast will now be able to conclude.”

The capital was raised from United Kingdom institutional and sophisticated investors, as well as from new and existing Australian investors, at a share price of $1.70, representing a 12% discount to the Company’s closing price on May 3 2010. The placement was managed by Southern Cross Equities to international investors and in conjunction with Lodge Partners to domestic investors.

The acquisition has been structured on an agreed exchange ratio of Mesoblast shares for Angioblast stock. To acquire the remaining fully-diluted Angioblast stock which is not already owned by Mesoblast (approximately 67%), the Company proposes to issue an additional 94.6 million Mesoblast shares to Angioblast security holders. Together with Mesoblast’s current 140.6 million shares on issue, post-acquisition the Mesoblast Group will have a total of up to 235.2 million shares outstanding.

Angioblast stockholders will be given the election to take the acquisition consideration either as 100% Mesoblast fully paid ordinary shares or up to 15% in cash and the balance (a minimum of 85%) in Mesoblast fully paid ordinary shares. The cash component will enable Angioblast stockholders who are subject to United States federal tax to fund the payment of capital gains tax arising as a result of this transaction.

www.mesoblast.com

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Mesoblast Granted US Government Patent

Thursday, March 4th, 2010

Australia’s regenerative medicine company, Mesoblast Limited (MSB), today announced that the United States Patent and Trademark Office (USPTO) has granted a key patent that provides exclusive commercial protection for its bone tissue generating products through to at least the year 2019 in the United States, the world’s largest market for regenerative medicines. This new patent, US Patent 7,670,628, ensures that only Mesoblast can commercialise bone tissue generating products in the United States using the unique adult stem cells termed Mesenchymal Precursor Cells (MPCs). Mesoblast’s potential applications for bone tissue generation continue to broaden, and include products for repair and healing of long bone fractures, spinal bony fusion of the cervical and lumbar  intervertebral spaces, treatment of bone defects, and treatment and prevention of osteoporosis- related fractures such as fractures of the hip and vertebral bodies.

The Company’s spinal bony fusion product NeoFuseTM, currently in the midst of Phase 2 trials in the United States, has the potential to become a major revenue driver for the company since over 500,000 lumbar and cervical spinal fusion procedures are currently performed annually in the United States alone. Mesoblast’s fracture repair product, highly effective in an Australian pilot clinical trial, is targeting the non-union fracture market, which accounts for 5-10% of all long bone fractures. Mesoblast has applied for Australian regulatory approval of this product, and anticipates that a positive outcome will facilitate its United States registration strategy for a bone repair product.

Mesoblast Limited (MSB) is committed to the development of novel treatments for orthopaedic conditions, including the rapid commercialisation of a unique adult stem cell technology aimed at the regeneration and repair of bone and cartilage. Our focus is to progress through clinical trials and international regulatory processes necessary to commercialise the technology in as short a timeframe as possible. Mesoblast has the worldwide exclusive rights for a series of patents and technologies developed over more than 10 years relating to the identification, extraction and culture of adult Mesenchymal Precursor Cells (MPCs). The Company has acquired 38.4% of Angioblast Systems Inc., an American company developing the platform MPC technology for the treatment of cardiac, vascular and eye diseases including repair and regeneration of blood vessels and heart muscle. Mesoblast and Angioblast are jointly funding and progressing the core technology. Mesoblast’s strategy is to maximise shareholder value through both corporate partnerships and the rapid and successful completion of clinical milestones.

www.mesoblast.com

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