Mesoblast Soars on Stem-Cell Treatment Data

Mesoblast Ltd.'s (MESO) American depository shares surged in premarket trading on Thursday, June 21, after the Australian company unveiled data from a clinical trial for a potential treatment for children with steroid refractory acute Graft Versus Host Disease, or aGVHD.

GVHD is a complication that can arise following certain stem cell or bone marrow transplants.

The Melbourne company's ADRs were trading at $6.50, up 17.3%.

The Phase 3 study evaluating a stem cell product candidate, remestemcel-L, enrolled 55 children aged between two months and 17 years in the U.S. Top-line day 100 results showed an 87% survival rate for day 28 responders to treatment and an overall survival rate of 75%, Mesoblast said.

4 Top Experts Tell You How to Play the Market. TheStreet's Scott Gamm recently sat down with top market watchers from Bank of America, Fisher Investments, Invesco and Wells Fargo. Register to watch a free roundtable in which they lay out their best advice.

More from Markets

Here's Why Alphabet, Facebook and Amazon Earnings May Overshadow Tariff Worries

Here's Why Alphabet, Facebook and Amazon Earnings May Overshadow Tariff Worries

NYSE Trader Expects Blowout Earnings From Alphabet, Amazon and Facebook

NYSE Trader Expects Blowout Earnings From Alphabet, Amazon and Facebook

Don't Panic! The Risk of a Recession This Year Is Low

Don't Panic! The Risk of a Recession This Year Is Low

Even Standing Desk Company Varidesk Is Watching How the Trump Tariffs Play Out

Even Standing Desk Company Varidesk Is Watching How the Trump Tariffs Play Out

State Street Gets Pummeled on Software Deal; Pizza Wars Are Raging -- ICYMI

State Street Gets Pummeled on Software Deal; Pizza Wars Are Raging -- ICYMI