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Tasly In-licenses Two Cell Therapy Treatments in $90 Million Deal

publication date: Jul 17, 2018

China's Tasly Pharma has in-licensed China rights to two heart drugs from Mesoblast of Australia in a $90 million agreement. Tasly will develop, manufacture and sell two Mesoblast allogeneic mesenchymal precursor cell (MPC) candidates: MPC-150-IM to treat or prevent chronic heart failure and MPC-25-IC to treat or prevent acute myocardial infarction. Tasly will pay $40 million upfront -- a $20 million payment and a $20 million investment in Mesoblast. More details....

Stock Symbols: (SHA: 600535) (NSDQ: MESO; ASX: MSB)

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