Mesoblast (ASX:MSB) shares soar on FDA approval
Mesoblast (ASX:MSB) today announced that the United States Food and Drug Administration (FDA) has granted Fast Track designation for remestemcel-L in the treatment of acute respiratory distress syndrome (ARDS) due to Covid-19 infection..
Fast Track designation is granted if a therapy demonstrates the potential to address unmet medical needs for a serious or life-threatening disease.
ARDS is the primary cause of death in patients with Covid-19.
Shares in Mesoblast (ASX:MSB) are trading 0.3 per cent lower at $20.23.
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Source: Finance News Network
