Regulatory ProgressThe FDA approval of Ryoncil provides Mesoblast with better-defined requirements for BLA filing, helping streamline development efforts and de-risk future expansion.
Revenue EstimatesMesoblast's early performance with Ryoncil has exceeded expectations, leading to increased revenue estimates and a higher 12-month price target.
Sales GrowthRyoncil gross sales in steroid-refractory acute graft vs. host disease increased to $21.9M in the September quarter, up 66% from the June quarter.