
Mesoblast Achieves FDA Approval for Ryoncil®

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Mesoblast Limited announced FDA approval for Ryoncil®, a therapy for steroid-refractory acute graft-versus-host disease in children, marking a major milestone. This approval transitions Mesoblast from development to commercialization, validating its scientific platform and strategy. The company plans to expand Ryoncil®'s use and seek further FDA approvals. Despite financial challenges, Mesoblast shows potential for future growth. The stock is rated Hold with a $14.50 target.
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