MSB News: Mesoblast (MESO) Up on Rare Pediatric Disease Tag for Heart Drug - 20th Jan 2024, 3:30am

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Mesoblast Limited MESO recently announced that the FDA has granted a Rare Pediatric Disease (RPD) designation to its allogeneic cell therapy, Revascor (rexlemestrocel-L), for treating children with congenital heart disease. Shares of the company were up 20.9% in after-hours trading on Jan 18, following the announcement of the news.

The RPD designation is granted by the FDA to medicines that treat serious or life-threatening diseases, which usually affect children of all ages. Upon potential app...

>>> Read more: Mesoblast (MESO) Up on Rare Pediatric Disease Tag for Heart Drug
 
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