Australia's Mesoblast gains as quarterly loss narrows

Mesoblast

26/05/2023 05:25

** Shares of Mesoblast Ltd  MSB.AX  jump as much as 6.7% to
A$1.11, their biggest intraday pct gain since May 3
    ** The biotech co posts loss after tax of $18.6 mln for the
quarter ended March 31, compared with loss of $21.3 mln posted a
year earlier
    ** MSB says total revenue fell to $1.9 mln from $2 mln
    ** Stock up 19.5% YTD, as of last close
    

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))