Mesoblast (OTCMKTS:MEOBF) Shares Down 7%

Mesoblast limited (OTCMKTS:MEOBF) shares fell 7% during mid-day trading on Monday . The company traded as low as $0.93 and last traded at $0.93. 1,000 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 2,662 shares. The stock had previously closed at $1.00.

The business’s 50 day moving average is $1.00.

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About Mesoblast (OTCMKTS:MEOBF)

Mesoblast Limited, a biopharmaceutical company, develops and commercializes allogeneic cellular medicines. Its proprietary regenerative medicine technology platform is based on specialized cells known as mesenchymal lineage adult stem cells. The company's products under the Phase III clinical trials include MSC-100-IV for steroid refractory acute graft versus host disease; MPC-150-IM for advanced heart failure; and MPC-06-ID for chronic low back pain due to degenerative disc disease.

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