MSB 12.1% 55.5¢ mesoblast limited

Dr Itescu established Angioblast Systems in 2001 with a focus on...

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    Dr Itescu established Angioblast Systems in 2001 with a focus on development and commercialization of novel therapeutic products for the treatment of cardiovascular diseases and vascular disorders. Driven by the fascination towards stem cell research, Dr Itescu began to look for more effective ways of restoring damaged tissue, particularly the heart. His global search led him to South Australia's Hanson Institute where scientists had identified adult stem cells with the potential to regenerate heart tissue and to form new blood vesse ls to improve the heart's blood supply. The same cells were also able to replace bone at the site of fractures and form blood vessels to deliver nutrients and oxygen to the new bone.
    Dr Itescu acquired worldwide license in 2004 to commercialize orthopedic applications of proprietary adult stem cell technology that was developed by scientists at South Australia's Hanson Institute and Institute of Medical and Veterinary Science and formed a company called Mesoblast by raising funds through IPO at Australian Securities Exchange. Mesoblast has been aiming to generate a series of high margin, off-the-shelf adult stem cell products that are obtained from a single donor, commercially expanded and frozen, and subsequently used in potentially thousands of unrelated or allogeneic recipients at the time and place of need.
    Your are right that his research started in 2001, bearing in mind that stem cell research began well before 2001, however the platform for MSB's treatment is based on the specialised cells known as mesenchymal lineage adult stem cell (MLCs) which is the most advanced cellular medicines portfolio in the industry which began in 2004.
 
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