Mesoblast Likely to Complete More Ryoncil Therapies than Expected in Fiscal 2026, Says Jefferies

MT Newswires Live01-14

Mesoblast (ASX:MSB) is likely to complete more patient therapies with Ryoncil than expected in fiscal 2026, according to a Tuesday Jefferies note.

It is now expected that 85 patients, up from 78 previously, will complete therapy in fiscal 2026, representing about 23% of the total US patients treated per year, the investment firm said.

The company on Jan. 9 said it earned gross revenue of $35.1 million from the sale of its mesenchymal stromal cell product Ryoncil for the quarter ended Dec. 31, 2025, up 60% from the quarter ended Sept. 30, 2025.

Jefferies said the gross revenue equates to 181 paid Ryoncil infusions, of which 28 were completed in the second quarter of fiscal 2026, with around 17 patients having completed treatment.

Jefferies kept a buy rating on Mesoblast and raised its price target to AU$3.50 from AU$3.30.

The company's shares fell around 2% in recent Wednesday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment